5 Nov 2014 16:00
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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.
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21 Oct 2014 08:50
Tuesday broker round-up UPDATE
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read more21 Oct 2014 08:37
15 Oct 2014 15:03
CWC exits South Pacific by selling Soltel stake
Central America-focused telecoms group Cable & Wireless Communications (CWC) is to offload its near-33% stake in Solomon Telekom (Soltel) for $16.5m. The company said that it has agreed to divest the 32.577% interest in Soltel to the Solomon Islands National Provident Fund Board. Soltel provides mo
Read more14 Oct 2014 09:17
Tuesday broker round-up UPDATE
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
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