Liberty Global Hopes To Close on Cable & Wireless Takeover in Q2
Liberty Global plans to buy Cable & Wireless Communications (CWC) in a $5.3 billion stock swap, Liberty said in a news release Monday. Liberty Global will issue up to 121 million shares and assume CWC's $2.7 billion in net debt,…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
it said. Acquiring CWC would give Liberty Global "significant scale and management depth to our fast-growing operations in Latin America and the Caribbean," said Liberty Global CEO Mike Fries in a statement. Liberty Global said it hopes to close on CWC in Q2.