Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Cable & Wireless Confirms Extension Of Takeover Code Deadline To April 19

Cable & Wireless Worldwide PLC (CW.L) confirmed extension of takeover code deadline.

In accordance with Rule 2.6(c) of the Takeover Code, at the request of Cable & Wireless Worldwide, the Panel on Takeovers and Mergers has consented to an extension of the relevant deadlines until 5.00 p.m. on April 19, 2012 to enable each of Vodafone Group plc (VOD: Quote,VOD.L) and Tata Communications Ltd. (TCL: Quote) to establish whether or not their preliminary discussions with Cable & Wireless Worldwide might result in a formal offer for Cable & Wireless Worldwide which the Board of Cable&Wireless Worldwide would be willing to recommend.

In accordance with Rule 2.6(a) of the Takeover Code, Vodafone and Tata Communications were required to, by not later than 5.00 p.m. on March 29, 2012, either announce a firm intention to make an offer for Cable & Wireless Worldwide in accordance with Rule 2.7 of the Takeover Code or announce that they did not intend to make an offer.

Click here to receive FREE breaking news email alerts for Cable & Wireless Worldwide Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.