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Cable & Wireless Extends Longstop Date On Columbus Deal Again

Fri, 13th Mar 2015 07:39

LONDON (Alliance News) - Cable & Wireless Communications PLC on Friday said it has agreed to extend the longstop date once more on the acquisition of Barbados-based telecommunications and technology services group Columbus International Inc

Cable & Wireless is acquiring the company in a USD1.85 billion deal.

The company said it has agreed with Columbus shareholders to extend the longstop date for the receipt of required approvals and consents for the deal to March 31. It comes after the company said last week it had extended the longstop to March 15 from February 28.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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