CWC.L Share News (CWC)

CWC.L Information

There is currently no data for CWC

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

20 May 2015 11:05

WINNERS & LOSERS: M&S Hits New 7-Year High, Burberry Falls

20 May 2015 10:06

Cable & Wireless annual profit rises

Telecoms service provider Cable & Wireless Communications said it was still some way of realising the potential of the business, despite an encouraging performance across the board. In the year to 31 March, the FTSE 250 group reported a 7.14% increase year-on-year in earnings before interest, tax, d

20 May 2015 07:13

Cable & Wireless Operating Profit Up, Hopes For Columbus Broadband Boost

20 May 2015 06:35

LONDON MARKET COMMENT: Stocks Seen Up As M&S Profit Misses Estimates

20 May 2015 06:17

Cable & Wireless posts first top-line growth since 2010 demerger

LONDON, May 20 (Reuters) - London-listed Cable & Wireless posted a 4 percent rise in revenue, its first top line growth since it demerged from the former Cable & Wireless in 2010, reflecting early results from a $1 billion upgrade of its networks. In the last set of numbers before it compl

20 May 2015 06:00