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/
 







Science & Technology

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

Device Capable Of Hearing The Inner Voice Developed By Researchers

New mobile technologies will warn about natural disasters

The brewing industry welcomes blockchain

Asset-Sharing App Of Ryder Is Meant For Commercial Vehicles

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

World Politics

World & Politics

Debates over Google are heating as a new EU directive is about to be introduced

Will Merkel accept Macron's plans for Europe?

USA and China are pushing North Korea to denuclearization

Germany's dilemma: Will the atomic energy win?

A Forceful Response To Syria Attack Will Be Given By U.S.: Trump

Is Trump’s Maximum Pressure Tactic On North Korea Succeeding Because Of China?

Why are Turkey-EU relations moving back?

Record-Breaking $39 Million raised for Rare Cancer Research in 2018 by Cycle for Survival