Article posted by csogilvie on Friday, 13-Oct-2006 22:12 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