Daily Management Review

Cable & Wireless Communications In An Agreement With Liberty’s ‘Takeover Deal’


02/23/2016


The shares of CWC gains further ground following the company’s decision.



With the starting of this week, the shares of Cable & Wireless Communications began to rise on Monday, follow the confirmation from the company that it had accepted an agreement on the proposed “takeover deal” by Liberty Global.
 
The offer of Liberty Global is to purchase the “entire issued share capital” of Cable & Wireless Communications for the price of “£5.4bn”, whereby the telecommunication business of CWC will also be expanded to the Caribbean and Latin America in turn.
 
As per the information provided by CWC, the “recommended offer” brings to every shareholders of CWC an entitlement for receiving “0.008301 new Liberty Global class A ordinary shares and 0.020321 new Liberty Global class C ordinary shares” for each of their shares besides another “special dividend”.
 
Under the consideration of the “recommended offer” the potential “indicative value of 75.70p per CWC” has been taken on the basis of the closing share rates of Liberty on the 19th of February 2016, whereby the “ordinary class A share” were at “$37.10”, while the “ordinary class C share” were at “$36.19”.
 
According to reports, the shares of Cable & Wireless Communications went up by “2.89% to 74.80p at 1529 GMT”.





References:
http://www.digitallook.com/
 







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