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

Large U.S. Study Finds Detection Of Irregular Heart Beat By Apple Watch

Apple to present Netflix competitor at the end of March

Live Human Under-Skin Chip Implantation Takes Place At Barcelona

IDC: Wearable tech gadgets market is booming

Second Patient In 12 Years Becomes HIV Free By Bone Marrow Transplantation

Car-Sharing Platforms Could hold The Key To 5G & Auto Industry Collaboration

Bezos tells about his space plans

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

World Politics

World & Politics

China's expansion into Europe: Italy’s ports are next

US watchdog is accused of violating aircraft certification process

Large Section Of Citizens Unhappy With Public Services & Benefits: OECD Survey

Largest companies reveal volumes of plastic produced by them

US Warning To Germany About Intelligence Sharing Over Huawei Ban

Mercer reveals the world’s safest cities

No vaccinations, no school: Italy’s new law

Why the new Aachen Treaty cannot save France-Germany relation