Tata Communications Mulls Bid For Cable & Wireless Worldwide
March 01 2012 - 3:34AM
Dow Jones News
Tata Communications Ltd, or TCL, Thursday confirmed that it is
evaluating a possible cash offer for Cable & Wireless Worldwide
PLC (CW.LN), the telecoms company.
MAIN FACTS:
-Considerations are at a very preliminary stage.
-TCL is now required, by not later than 1600 GMT on March 29,
2012, to either announce a firm intention to make an offer for
Cable & Wireless Worldwide or announce that it does not intend
to make an offer.
-Cable & Wireless Worldwide shares at 0801 GMT flat at
GBP0.28 valuing the company at GBP765 million.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314;
jana.weigand@dowjones.com
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