Article posted by csogilvie on Friday, 13-Oct-2006 23:12 PM

PlusNet customers may be aware of various reports in the financial press this morning about a possible acquisition of PlusNet.

Current rumours are that BT is the strongest contender to take over, although in the past week or so there has also been a suggestion that German ISP Freenet.de has also showing some interest.

Webcam viewers may have noticed the directors calling a staff conference this morning at 9.30am. It transpires that at the current time there is no further news aside from the fact that PlusNet has been approached by a possible purchaser.
Whether or not PlusNet will proceed, nor who the interested party is, has not yet been disclosed. The final decision will have to be made by the shareholders.

A copy of the Regulatory Announcement to the Stockmarket can be viewed from the London Stockmarket Exchange website.

The official statement at this time is:
"PlusNet has received a preliminary approach for the company which may or may not lead to an offer being made."
PlusNet directors and staff are unable to comment further.

More information
The Independent

Article last edited on Monday, 20-Aug-2007 20:15 PM