Two players left in EBS takeover chase
A little over a week ago, the deadline for EBS bids passed. At that point, it was understood that at least four players – IL&P and three private equity houses (TV3 owner Doughty Hanson; US giant JC Flowers; and the Dublin-based Cardinal Asset Management) were in the frame.
Media reports over the course of this weekend suggested that the two Irish bidders – IL&P and Cardinal – are likely to be the parties left standing when the bids process gets formally whittled down further. However, according to one industry source, that picture is likely only to feature IL&P and JC Flowers.
