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,VOD.L) and Tata Communications Ltd. (TCL) 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

Quick Facts

Editors Pick
Yamaha Motor Co. is planning to recall multiple three-cylinder motorcycle models due to a safety issue with the lower handlebar, Asphalt & Rubber has reported. According to the report, the stud bolt threads might not have enough thread-locking agent applied to them due to the lower handlebar being improperly painted. Uber is closing its ride-hailing services in Denmark next month, citing upcoming changes in regulations that would make its app unworkable for consumers. The San Francisco-based company said in a blog post that it will close its services on April 18, 2017, as the new laws currently being proposed in Denmark will not allow drivers to use their privately owned cars for ride sharing. Breitbart News' request for permanent congressional press passes was denied on Monday, citing concerns about the website's links to the White House and the Republican mega-donor family the Mercers. The U.S. Senate Daily Press Gallery, comprised of a group of five reporters, denied the Capitol Hill press credentials saying members were not satisfied with the given information about its connections.
comments powered by Disqus
Follow RTT