logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT