C&W face renewed takeover bid

Telecoms group Cable & Wireless will receive a £2.4bn (€3.6bn) takeover approach from a Hong Kong-based firm later this week, it was reported today.

C&W face renewed takeover bid
Sun, 09 Feb, 2003 - 14:35

Telecoms group Cable & Wireless will receive a £2.4bn (€3.6bn) takeover approach from a Hong Kong-based firm later this week, it was reported today.

The interest from Pacific Century Cyberworks (PCCW) is expected to value the beleaguered company at almost £1bn (€1.5bn) more than its current market price.

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CourtsHeathrowPlace: Hong KongPerson: Richard LiPerson: Li Ka-shingOrganisation: C&WOrganisation: group Cable & WirelessOrganisation: Pacific Century CyberworksOrganisation: PCCWOrganisation: C&W.
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