Please read carefully our disclaimer before using  this message board !

| Post Reply | Read Follow Ups | Main Index | Download ShareExpress Portfolio Manager |

Message subject : Austar says to make bid for eisa

This message was posted by . on June 19, 2000 :

Regional pay-TV group Austar United Communications Ltd said on Tuesday it would make an off-market takeover bid for beleaguered Internet service provider eisa Ltd.
Austar said it would offer 20 cents cash for each eisa share, valuing the company at around A$24.4 million, and has provided a A$7.5 million short-term loan to the cash-strapped ISP.

Eisa's directors have indicated they would accept the offer in the absence of a higher bid and recommend their shareholders do likewise, Austar said in a statement to the Australian Stock Exchange.

Austar says it has an option over 19.9 percent of the shares in eisa, which has a subscriber base of around 85,000.

Shares in eisa which have been suspended since its ambitious bid for OzEmail's household business collapsed, last traded at 24.5 cents, while Austar's shares closed the previous session at A$5.52.

Warning: at times comments aimed at manipulating other investors may appear on these
message boards. Posters may post overly optimistic or pessimistic comments on particular
stocks, in an attempt to influence other investors. While every effort is made by the moderators
to remove these, some may still appear on these boards. Unless specifically stated persons posting
on this site are NOT investment advisors and do NOT hold the necessary licence, or have any
formal training, to give investment advice.

Before acting on any of the information you read and making any financial or investment
decisions, you should always consult your advisor(s) or other relevant professional
investment experts.

Follow Ups: