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Liberty Global to acquire Cable&Wireless in £3.5bn deal

Mon, 16th Nov 2015 19:25

(ShareCast News) - Liberty Global reached an agreement on Monday to purchase Cable&Wireless Communications in a cash and stock deal valuing the carrier at £3.5bn ($5.3bn).The transaction - which valued the London-listed carrier at 10.7 operating earnings - was set to extend the reach of his enterprise further into Latin America.In the past decade, the US company led by billionaire John Malone had spent over $50bn buying-out rivals in Europe.Over the summer Malone had created a tracking stock for Liberty Global's assets in Chile and Puerto Rico called LiLAC.In October, people familiar with the matter told Bloomberg he might spin-off the unit.As of 19:24 shares in NASDAQ-listed Liberty Global were falling 1.72% to reach $44.57.
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5 Nov 2015 10:37

Cable & Wireless swings to first half loss

(ShareCast News) - Cable & Wireless swung to a pre-tax loss in the first half on the back of costs related to its acquisition of Columbus Communications. For the six months ended 30 September, the telecommunications company posted a pre-tax loss of $1m (£650,000), compared with a profit of $132m in

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5 Nov 2015 08:30

Cable & Wireless Communications Posts Small Loss On Higher Costs

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29 Oct 2015 16:23

Earnings, Trading Statements Calendar - Week Ahead

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23 Oct 2015 11:23

LONDON MARKET MIDDAY: Chinese Interest Rate Cut Adds To Gains

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23 Oct 2015 09:25

WINNERS & LOSERS SUMMARY: Data Breach Slams TalkTalk Shares

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23 Oct 2015 07:46

BUZZ-Cable & Wireless: continues rally after confirming Liberty Global approach

** Cable & Wireless rises a further 9.3 pct, adding to a 20.7 pct gain into the close on Thursday after it confirmed talks with Liberty Global regarding a possible takeover ** Liberty, led by "King of Cable" John Malone, already owns a 13 pct stake, as well as a 9.9 pct stake in ITV *

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23 Oct 2015 07:31

LONDON MARKET OPEN: Cable & Wireless Rises On Liberty Global Talks

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23 Oct 2015 07:23

LONDON BRIEFING: Draghi Boost Continues Into Friday

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22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they

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22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they

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22 Oct 2015 16:23

UPDATE 1-Cable & Wireless says in talks with Liberty Global

(Adds details, share price) Oct 22 (Reuters) - Cable & Wireless Communications Plc said it was in talks that could result in a takeover offer from Liberty Global Plc, the cable company backed by billionaire John Malone. A deal would give Liberty a foothold in the Caribbean and Latin

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22 Oct 2015 16:16

UPDATE: Cable & Wireless Confirms Takeover Talks With Liberty Global

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22 Oct 2015 16:08

LONDON MARKET CLOSE: ECB's Draghi Gives Markets What They Want To Hear

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22 Oct 2015 15:47

Cable & Wireless Confirms Possible Offer Talks With Liberty Global

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8 Oct 2015 17:33

Thursday broker round-up

(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities

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