here's the full story from Globes. I too would like to hear everyone's thoughts (if you're still out there).
Tuesday , Mar 11, 1997 Updated Sun-Thu at 18:00 (GMT+2)
Headlines
US Investment Bank Acquires 6% of ECI
Telecom
By Orna Raviv
Californian investment bank Jurika and Voyles has
informed the SEC that since 13 February it has
acquired 4,513,718 shares in ECI Telecom, and its
total holding in the company is now 5.94%. This was
reported today (Tuesday) by the Trendline news
agency. ECI's market value currently stands at $1.7
billion. The total value of the purchase is therefore
estimated at $80 million.
There have been widespread assessments on the
capital market recently that an attempt was being
made to gain control of ECI, because of its
ownership structure, which lays it open to such
attempts. The largest shareholder in the company is
Clal Electronics, which owns 25% of its shares. 9%
of the shares are owned by Claridge, and the rest by
funds, institutional bodies, and the general public. |
