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 report their results next month, one of the WSJ's sources said.Shares in FTSE 250-listed Cable&Wireless, which has a market capitalisation of £2.5, finished the regular session 2.07% higher at 59.2p.