Babcock & Brown bid imminent

10 Apr 2006

The Australian-based investment bank Babcock & Brown is widely tipped to tender a full bid for eircom this week, according to press reports.

The Australian-based investment bank has been gradually increasing its stake in the Irish telco for months, and is expected to bid at EUR2.25 a share for the company, valuing it at around EUR2.4 billion, well above its closing share price of EUR2.13 on Friday.

Ireland, eir