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WITH BABCOCK & Brown's stake in Eircom at 27% at the end of last week's bout of stakebuilding, this could "nally be the week when that magical 29.9% threshold will be crossed and a mandatory takeover bid will be triggered.
Eircom is not the only one waiting anxiously for the Australians to make their next move. NCB and Davy have been vying to win a piece of what could turn out to be very lucrative gig, but Babcock & Brown has so far kept them on tenterhooks.
JP Morgan is still the only appointed advisers to Babcock & Brown, and the message from the private equity house is no deal means no fees for locals.
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YOU ARE HERE: 19 March 2007 / tribune.ie / 2006 / 03 / 12
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