Eircom board backs O'Reilly offer

Eircom's board of directors have given their backing to Anthony O'Reilly's bid to take over the company.

Eircom board backs O'Reilly offer
Fri, 03 Aug, 2001 - 17:51

Eircom's board of directors have given their backing to Anthony O'Reilly's bid to take over the company.

Last night, Mr O'Reilly's Valentia consortium offered €1.365 per share for the company, half a cent higher than the nearest bid from the Denis O'Brien-led e-Island consortium.

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