O'Brien was outbid for Siteserv
The underbidder for Siteserv is understood to have offered a higher price for the company, which was recently acquired by Denis O'Brien for more than €45 million.
The underbidder for Siteserv is understood to have offered a higher price for the company, which was recently acquired by telecoms entrepreneur Denis O'Brien for more than €45 million.
sources said that Australian hedge fund Anchorage Capital had put more money on the table, but elements of the offer were considered less attractive then the O'Brien bid. O'Brien was chosen as the preferred bidder, with Anchorage in second place.
Some ten companies were involved in...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine