The Eircom Employee Share Ownership Trust has voted overwhelmingly to endorse Anthony O’Reilly’s bid to take over the company.
More than 7,000 members of the employee trust voted by 92% last night to support the Valentia consortium’s offer of €1.365 per share.
In a separate ballot, 95% rejected e-Island’s offer of €1.36.
Ordinary shareholders should receive offer documents from Valentia by the end of this week.