ADVFN - Advanced Financial Network.
HOME» NYSE » C » TCL Stock Price » TCL Stock News

Capital Lodging Share News

 Tata Communications Ltd Stock Price
TCL Stock Price
 Tata Communications Ltd Stock Chart
TCL Stock Chart
 Tata Communications Ltd Stock News
TCL Stock News
 Tata Communications Ltd Company Information
TCL Company Information
 Tata Communications Ltd Stock Trades
TCL Stock Trades

Tata Communications To Make Formal Cash Offer For Cable & Wireless Worldwide -Source

MUMBAI -(Dow Jones)- India's Tata Communications Ltd. (500483.BY) has decided to make a formal cash offer to buy the U.K.'s Cable & Wireless Worldwide PLC, a person familiar with the development said Tuesday. The Tata Group company is likely to raise short-term debt of upto $2 billion to fund the potential acquisition, the person, who asked not to be named, told Dow Jones Newswires. The person added that while the company has received commitments from banks for raising the funds, final documents haven't been signed as yet. Also, it isn't clear in what form the debt will be raised. Earlier this month, the Indian communications major became the second company after Vodafone Group PLC (VOD.LN) to express an interest in buying Cable & Wireless Worldwide, saying it is evaluating a possible cash offer for the British fiber-optic network operator. The process is at a "very preliminary stage," Tata said in a March 2 filing with the U.K. Takeovers Panel. Tata Communications, which provides internet services and undersea cable landing systems, has until March 29 to announce whether it intends to make a bid or walk away from the deal, according to the U.K.'s mergers and acquisition rules. --By Kenan Machado, Dow Jones Newswires; +91-9967586928; [email protected]

Stock News for Capital Lodging (TCL)
04/19/201622:59:00Introducing First View: The fastest way to be seen on Twitter
02/29/201604:29:00Hong Kong Branding & Design Gurus Engage with India

Capital Lodging and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations