Thursday, June 14, 2007

ECI Telecom Confirms Reports of Financial Discussions

ECI Telecom confirmed media reports that it is currently in discussions with a group of investors led by Swarth Investments, an investment vehicle controlled by Shaul Shani, regarding a potential acquisition of all the shares of the company by the group for a consideration of $10.00 per share in cash. The company said that there can be no assurance the deal will be consummated.

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