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BT Gains PlusNet Acquisition Approval

Posted: 24th Jan, 2007 By: MarkJ
Thinkbroadband spotted an update on the London Stock Exchange (LSE), which states that BT's previously announced acquisition of rival ISP PlusNet has been cleared to continue:

BT is pleased to announce that all conditions relating to the Offer, as set out in the Offer Document dated 17 November 2006, have now been satisfied or waived. The Office of Fair Trading has cleared the proposed acquisition of PlusNet by BT and accordingly the condition of the Offer relating to clearance by the Office of Fair Trading has been satisfied. Therefore, the Offer is unconditional in all respects.

The Offer remains open until further notice. PlusNet Shareholders who have not yet accepted the Offer are urged to do so without delay.

Meanwhile PlusNet has had its plans for 2007 out in the public domain for awhile. Customers that haven't read it would do well to give it the once over now - HERE.
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