SingTel poised to snare Optus.

Australasian Business Intelligence, August, 2001

Aug 29, 2001 (The Australian

ABIX via COMTEX) -- The percentage of Cable & Wireless Optus stock held by Singapore Telecommunications (SingTel) stands at 49.46 per cent. This 28 August 2001 position would suggest that the bid is likely to become unconditional on 29 August, provided the suitor does not rely on its material and adverse changes clause of protection and further provided Cable & Wireless Optus' major shareholder, Cable & Wireless, accepts the bid for its 52.3 per cent of the stock. Shareholders accepting by 7:00 pm on 29 August will receive Singapore Telecommunications' final dividend of $S0.055 per share.

CABLE AND WIRELESS OPTUS LIMITED -

      ASX CWO: 
SINGAPORE TELECOMMUNICATIONS LIMITED 
      - ASX SGT: 

CABLE...

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