ECI Telecom in talks to be acquired at $10/share

Sun Jun 17, 2007 2:55am EDT
 
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TEL AVIV, June 17 (Reuters) - Israeli telecom equipment maker ECI Telecom ECIL.O said on Sunday it is in talks with a group of investors led by Swarth Investments regarding a potential acquisition of ECI for $10.00 per share in cash.

Swarth is an investment vehicle controlled by Shaul Shani.

ECI shares closed at $8.92 on Nasdaq on Friday.

 
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