7 Nov 2014 11:38
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Don't have an account? Click here to register.Cable & Wireless reveals further details on Liberty Global takeover
Mon, 22nd Feb 2016 15:19
(ShareCast News) - Cable & Wireless Communications shares rose on Monday after the company said it had reached an agreement on the terms of Liberty Global's proposed takeover deal.Liberty Global has offered to buy the entire issued share capital of CWC for £5.4bn, expanding its telecoms business in Latin America and the Caribbean.CWC said under the recommended offer its shareholders will be entitled to receive for each of its shares, 0.008301 new Liberty Global class A ordinary shares and 0.020321 new Liberty Global class C ordinary shares, as well as a special dividend.The consideration under the recommended offer would represent an indicative value of 75.70p per CWC share based on the closing price of Liberty's shares on 19 February of $37.10 per ordinary class A share and $36.19 per ordinary class C share.Shares in CWC rose 2.89% to 74.80p at 1529 GMT.
More News
6 Nov 2014 15:45
FTSE 250 movers: Supergroup rises as Numis reaffirms rating
Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated
Read more6 Nov 2014 12:42
UPDATE 2-Cable & Wireless broadens horizons with Columbus deal
* C&W to buy Columbus International for $1.85 bln * Cable TV mogul John Malone to own abt 13 pct of C&W * C&W posts first revenue growth since 2010 * Shares fall 6 pct (Adds CEO comment, analysts, shares) By Paul Sandle LONDON, Nov 6 (Reuters) - Cable & Wireless Co
Read more6 Nov 2014 11:22
6 Nov 2014 09:06
Cable & Wireless buys tech company for $1.85bn
Telecom services provider Cable & Wireless Communications (CWC) has acquired Columbus International for $1.85bn. The purchase of Columbus, a privately-owned telecommunications and technology company operating in the Caribbean, Central America and the Andean regions, will help CWC to improve its busi
Read more6 Nov 2014 08:22
C&W says John Malone will own about 13 pct after Colombus deal
LONDON, Nov 6 (Reuters) - Cable & Wireless CEO says John Malone will have about 13 pct of C&W stock post Columbus deal
Read more6 Nov 2014 07:14
Cable & Wireless Comms to buy Columbus Intl for $1.85 bln
LONDON, Nov 6 (Reuters) - Cable & Wireless Communications said it had agreed to buy Columbus Intl, a privately-owned fibre-based telecoms provider in the Caribbean, Central America and Andean region, for $1.85 billion. C&W, which said the deal would extend its presence in the region, said
Read more6 Nov 2014 06:17