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Liberty Global may be set to scoop up Cable&Wireless

Thu, 22nd Oct 2015 16:55

(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.The Financial Times reported the value of the offer at $5.5bn (82p), for a 40% premium. 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.Under UK Takeover rules Liberty would have until 1700 BST on 19 November to either announce its firm intention to make an offer or withdraw its interest. "We see industrial logic for a combination of CWC's assets with LBTY's LiLac and upgrade our target price for CWC to 77p ex div," analysts at Citi said in a research report sent to clients.
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6 Nov 2014 17:19

MARKET COMMENT: UK Stocks Give Up Gains, Euro Dives On ECB Comments

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6 Nov 2014 15:45

FTSE 250 movers: Supergroup rises as Numis reaffirms rating

Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated

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6 Nov 2014 12:42

UPDATE 2-Cable & Wireless broadens horizons with Columbus deal

* C&W to buy Columbus International for $1.85 bln * Cable TV mogul John Malone to own abt 13 pct of C&W * C&W posts first revenue growth since 2010 * Shares fall 6 pct (Adds CEO comment, analysts, shares) By Paul Sandle LONDON, Nov 6 (Reuters) - Cable & Wireless Co

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6 Nov 2014 12:13

UK MIDDAY BRIEFING: Morrisons Statement Also Boosts Peers

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6 Nov 2014 11:46

UK WINNERS & LOSERS: Supermarkets Gain As Morrisons Reports Progress

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6 Nov 2014 11:22

TOP NEWS: UK Industrial Production Beats Expectations

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6 Nov 2014 09:06

Cable & Wireless buys tech company for $1.85bn

Telecom services provider Cable & Wireless Communications (CWC) has acquired Columbus International for $1.85bn. The purchase of Columbus, a privately-owned telecommunications and technology company operating in the Caribbean, Central America and the Andean regions, will help CWC to improve its busi

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6 Nov 2014 08:32

UK MORNING BRIEFING: Shares Lower Amid Flurry Of Corporate Reporting

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6 Nov 2014 08:22

C&W says John Malone will own about 13 pct after Colombus deal

LONDON, Nov 6 (Reuters) - Cable & Wireless CEO says John Malone will have about 13 pct of C&W stock post Columbus deal

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6 Nov 2014 07:57

Cable & Wireless Issues Shares For USD1.85 Billion Barbados Buy (ALLISS)

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6 Nov 2014 07:14

Cable & Wireless Comms to buy Columbus Intl for $1.85 bln

LONDON, Nov 6 (Reuters) - Cable & Wireless Communications said it had agreed to buy Columbus Intl, a privately-owned fibre-based telecoms provider in the Caribbean, Central America and Andean region, for $1.85 billion. C&W, which said the deal would extend its presence in the region, said

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6 Nov 2014 06:17

UK Earnings, Trading Statements Calendar - Week Ahead

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