Britain's Gamma to get higher bid from Dutch private equity firm Waterland, Sunday Times says

Waterland Set to Surpass Epiris in Takeover Bid for Gamma Communications

Overview of the Waterland and Epiris Bidding War for Gamma Communications

Sept 6 (Reuters) - Dutch private equity firm Waterland plans to make an offer for British telecommunications company Gamma Communications that exceeds the £1.08 billion ($1.38 billion) bid from Epiris, a British private equity firm, the Sunday Times reported. 

Key Details of the Takeover Bids

Here are more details:

Current Offers and Agreements

• Gamma last week agreed to a 1,120 pence per share offer from Epiris.

Waterland's Strategic Plans Post-Takeover

• After a takeover is completed, Waterland would sell two Gamma divisions to UK telecom service company Giacom, the Sunday Times reported. The divisions cater to small- and medium-size enterprises and accounted for nearly 30% of Gamma's revenue last year.

Comparison of Epiris and Waterland Offers

• Gamma has perceived the Epiris offer as more straightforward and having lower execution risk than the Waterland deal, the report said.

Timeline and Negotiations

• Waterland was in August in early talks over a potential takeover of Gamma.

Responses from Involved Parties

• Gamma and Epiris declined to comment, while Waterland did not immediately respond to a request for comment outside regular business hours.

Additional Information

($1 = 0.7403 pounds)

(Reporting by Sathvi G Bhat in Bengaluru; Editing by Cynthia Osterman)