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Satellite ISP Avanti Rejects Acquisition Approach

Posted: 10th Feb, 2009 By: MarkJ
Avanti Commications, a UK satellite provider that is currently contracted to develop for two major rural broadband projects in Northern Ireland and Scotland, has rejected an offer to buy its business. The following short statement was offered:

Avanti Communications Group plc

Statement re: Share Price Movement

The Board of Avanti notes the recent movement in its share price and confirms that it has received an unsolicited preliminary approach regarding a possible offer for the Company. The Board of Avanti has rejected this approach.

The Board of Avanti believes that the Company has excellent prospects as an independent group.

http://www.avantiplc.com .
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