Hutchison Said to Offer $2.6 Billion for Ireland’s Eircom

Billionaire Li Ka-shing’s Hutchison Whampoa Ltd. made a bid of about 2 billion euros ($2.6 billion) for Eircom Group, the Irish phone company in supervised credit protection, people with knowledge of the matter said.

The cash offer by Hutchison’s Three Ireland unit was rejected by the country’s court-appointed examiner because there were too many conditions attached, said two of the people, who declined to be identified because the discussions are private. Three Ireland is working on a revised bid, they said.