Businessman Denis O’Brien said he won’t proceed with a proposal to invest in Eircom Group Ltd.
In an e-mailed statement, O’Brien informed a committee of the telecom company’s first-lien lenders “that he will not be proceeding with a proposal for the company,” according to a report on Bloomberg.
It was reported yesterday in *The Irish Times* that O’Brien had established contact with Eircom’s employee share...
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