ECI Telecom Responds to Media Reports
17 Junho 2007 - 3:35AM
Business Wire
In response to media reports regarding a potential transaction
involving�ECI�Telecom (NASDAQ:ECIL), the Company�announces that it
is currently in discussions with a group of investors led by Swarth
Investments, an investment vehicle controlled by Shaul Shani,
regarding a potential acquisition of�all the shares of the company
by the group for a consideration of $10.00 per share in cash. There
can be no assurance at this stage as to whether this transaction
will be consummated, and if consummated what the actual
consideration would be. Any potential transaction would be subject
to the negotiation and execution of a definitive agreement and
other related agreements, as well as to regulatory and other
customary approvals and conditions. ECI does not intend to make any
further comment, or respond to any inquiries, until a binding
agreement, if any, is reached with respect to a purchase, or talks
have been terminated. About ECI Telecom ECI Telecom delivers
innovative communications platforms to carriers and service
providers worldwide. ECI provides efficient platforms and solutions
that enable customers to rapidly deploy cost-effective,
revenue-generating services. Founded in 1961, Israel-based ECI has
consistently delivered customer-focused networking solutions to the
world's largest carriers. The Company is also a market leader in
many emerging markets. ECI provides scalable broadband access,
transport and data networking infrastructure that provides the
foundation for the communications of tomorrow, including
next-generation voice, IPTV, mobility and other business solutions.
For more information, please visit www.ecitele.com.
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