Easynet & BSkyB bid
Discussion
From bbc.co.uk:
http://news.bbc.co.uk/1/hi/business/4347260.stm
"Shares in broadband internet provider Easynet have risen on hopes that satellite television broadcaster BSkyB will bid for the company.
The speculation follows BSkyB's announcement on Friday that it aims to go on an acquisition spree after raising £1bn ($1.8bn) in a bonds issue.
Easynet confirmed that it had received a bid but refused to name the source.
A takeover of Easynet would help BSkyB move towards broadcasting some of its programmes via the internet."
BSkyB - what a XXXX company. Don't do it Easynet.
LB
http://news.bbc.co.uk/1/hi/business/4347260.stm
"Shares in broadband internet provider Easynet have risen on hopes that satellite television broadcaster BSkyB will bid for the company.
The speculation follows BSkyB's announcement on Friday that it aims to go on an acquisition spree after raising £1bn ($1.8bn) in a bonds issue.
Easynet confirmed that it had received a bid but refused to name the source.
A takeover of Easynet would help BSkyB move towards broadcasting some of its programmes via the internet."
BSkyB - what a XXXX company. Don't do it Easynet.
LB
Easynet Group PLC
17 October 2005
FOR IMMEDIATE RELEASE
17 October 2005
(Not for release, publication or distribution in or into the United States, Canada Australia or Japan)
Easynet Group Plc ('Easynet' or the 'Company')
Statement re Possible offer
The Board of Easynet notes the recent press speculation and movement in its share price. The Board can confirm that it has received an approach that may or may not lead to a formal offer being made for the Company.
There can be no assurance that a formal offer will be made for the Company as a result of this approach.
A further announcement will be made in due course.
Press enquiries:
Hudson Sandler: Tel: 020 7796 4133
Andrew Hayes / Sandrine Gallien / Wendy Baker
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'City Code'), any person who, alone or acting together with any other person(s) pursuant to an agreement or understanding (whether formal or informal) to acquire or control relevant securities of Easynet Group Plc owns or controls, or becomes the owner or controller, directly or indirectly, of one per cent. or more of any class of securities of Easynet Group Plc is required to disclose, by not later than 12.00 noon (London time) on the London business day following the
date of the relevant transaction, dealings in such securities of that Company (or in any option in respect of, or derivative referenced to, any such securities) during the period to the date on which the offer becomes or is
declared unconditional as to acceptances or lapses or is otherwise withdrawn.
Under the provisions of Rule 8.1 of the City Code, all dealings in relevant securities of Easynet Group Plc, by Easynet Group Plc or by any of its 'associates' (within the meaning of the City Code), must also be disclosed.
If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial adviser authorised under the Financial Services and Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk
or
contact the Panel on telephone number +44-20-7638 0129; fax +44-20-7236 7013.
This information is provided by RNS
The company news service from the London Stock Exchange
17 October 2005
FOR IMMEDIATE RELEASE
17 October 2005
(Not for release, publication or distribution in or into the United States, Canada Australia or Japan)
Easynet Group Plc ('Easynet' or the 'Company')
Statement re Possible offer
The Board of Easynet notes the recent press speculation and movement in its share price. The Board can confirm that it has received an approach that may or may not lead to a formal offer being made for the Company.
There can be no assurance that a formal offer will be made for the Company as a result of this approach.
A further announcement will be made in due course.
Press enquiries:
Hudson Sandler: Tel: 020 7796 4133
Andrew Hayes / Sandrine Gallien / Wendy Baker
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 'City Code'), any person who, alone or acting together with any other person(s) pursuant to an agreement or understanding (whether formal or informal) to acquire or control relevant securities of Easynet Group Plc owns or controls, or becomes the owner or controller, directly or indirectly, of one per cent. or more of any class of securities of Easynet Group Plc is required to disclose, by not later than 12.00 noon (London time) on the London business day following the
date of the relevant transaction, dealings in such securities of that Company (or in any option in respect of, or derivative referenced to, any such securities) during the period to the date on which the offer becomes or is
declared unconditional as to acceptances or lapses or is otherwise withdrawn.
Under the provisions of Rule 8.1 of the City Code, all dealings in relevant securities of Easynet Group Plc, by Easynet Group Plc or by any of its 'associates' (within the meaning of the City Code), must also be disclosed.
If you are in any doubt as to the application of Rule 8 to you, please contact an independent financial adviser authorised under the Financial Services and Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk
or
contact the Panel on telephone number +44-20-7638 0129; fax +44-20-7236 7013.
This information is provided by RNS
The company news service from the London Stock Exchange
JamieBeeston said:Hehe. Maybe Justin will move across to other marques??
If its what you want J, GL to you.
You've earnt it.
fearful of the mods to the Organ Liquifierif the sale goes thru tho
J
Unless the rumours have been deliberately leaked by the bankers acting for the transaction (to push up the price), my experience is that most of these rumours are off the mark. Whoever it is I hope they're serious, the bid is a rich one, and that you make a $hitpile Justin. One word. Skype. 456MGT said:
Hehe. Maybe Justin will move across to other marques??
the sectors been warming up for some predatory consolidation for a while now.. Pipex looked to be the official 'Buy it Now and buy it Quick' firm, but now the bigger guys are getting in on the action.. it can, hopefully, lead to a few more of us being able to focus on new ventures. J
ThatPhilBrettGuy said:
JamieBeeston said:
...it can, hopefully, lead to a few more of us being able to focus on new ventures.
Ok, you've twisted my arm. £5 for your business. Oh, hang on, had a coffee this afternoon. £3.80 then.
Done
You are the proud owner of my 'Pimping Brian to Rich Men' business I needed to get rid of the immoral one
Congrats.. Brian is now your Biatch
BTW, Cheap Coffee
J
And the deal is done:
From bbc.co.uk
BSkyB swoops on internet provider
TV will be watched via computers in the future, experts say
Satellite broadcaster BSkyB has begun its planned spending spree with the purchase of broadband internet provider Easynet for £211m ($373.1m).
http://news.bbc.co.uk/1/hi/business/4363036.stm
Lunch is on you then Justin :-) (I hope)
LB
From bbc.co.uk
BSkyB swoops on internet provider
TV will be watched via computers in the future, experts say
Satellite broadcaster BSkyB has begun its planned spending spree with the purchase of broadband internet provider Easynet for £211m ($373.1m).
http://news.bbc.co.uk/1/hi/business/4363036.stm
Lunch is on you then Justin :-) (I hope)
LB
joust said:
Full announcement here
www.companyannouncements.net/cgi-bin/articles/200510210700409791S.html
J
Congrats mate
Bet there will be some Corks Popping tonight donw Brick Lane!
J
Nice! Very nice indeed. Congratulations Justin. I trust no lock in period or any crap like that. Let us know what your plans are when it's all settled down.
In the meantime, let's open the most burning of questions: which car is Justin going to buy next? Three guesses each and here's mine
a) Ferrari
b) Ferrari
c) Ferrari
In the meantime, let's open the most burning of questions: which car is Justin going to buy next? Three guesses each and here's mine
a) Ferrari
b) Ferrari
c) Ferrari
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