CWC.L Share News (CWC)

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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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16 Sep 2015 08:39

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11 Sep 2015 07:25

BUZZ-European telcos hit a bump as TeliaSonera and Telenor call off Danish merger

** TDC falls 5.9 pct to lows not seen since November 2012 after TeliaSonera and Telenor call off plans to merge their Danish unit ** Merger blocked by the European Commision ** TDC has struggled with increased competition in the Danish market compared with other European countriesRead more

14 Aug 2015 12:41

Cable & Wireless appoints former Pearson CFO to its board

(ShareCast News) - Cable & Wireless Communications has appointed former Pearson chief financial officer Robin Freestone to its board. Freestone was the CFO of Pearson from 2006 up until August 2015, and deputy CFO prior to that. The telco said Freestone would be a non-executive director from 17 Aug

14 Aug 2015 12:12

Cable & Wireless reshuffles non-exec board

(ShareCast News) - Telecoms service provider Cable & Wireless has appointed Robin Freestone as non-executive director. Freestone, the former chief financial officer of Pearson and the current non-executive director of Moneysupermarket.com, will step into his new role on 17 August, the FTSE 250 group

7 Aug 2015 05:12