Cable & Wireless Worldwide Confirms Ongoing Talks With Vodafone Group
April 18 2012 - 12:57PM
Dow Jones News
Cable & Wireless Worldwide PLC (CW.LN), Wednesday confirmed
that discussions with Vodafone Group PLC (VOD.LN), are ongoing,
adding that Vodafone must, by a deadline of not later than 1600 GMT
on April 19, either announce a firm intention to make an offer for
Cable & Wireless or announce that it does not intend to make an
offer.
MAIN FACTS:
-There can be no certainty that any offer will be made, nor as
to the terms of any offer.
-This deadline will only be extended with the consent of the
Takeover Panel.
-Cable&Wireless Worldwide notes the announcement Wednesday
by Tata Communications Ltd. (500483.BY) stating that it does not
intend to make an offer for Cable&Wireless.
-Cable & Wireless Worldwide shares closed Wednesday at 37.1
pence, valuing the company at GBP992.5 million.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275;
razak.baba@dowjones.com
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