Business Services Industry
SingTel over the line.
Australasian Business Intelligence, August, 2001
Aug 31, 2001 (The Mercury
ABIX via COMTEX) -- Singapore Telecommunications' (SingTel) offer for Australia's Cable & Wireless Optus (C&W Optus) has become unconditional. SingTel has received acceptances from shareholders exceeding 93, allowing the remaining shares to be compulsorily acquired. The $US9bn ($A17bn) offer was declared unconditional after parent Cable & Wireless plc accepted the offer for all the ordinary shares in its 52.3 stake in C&W Optus. It was also announced that Standard & Poor's will add SingTel to its indices in the Australian Stock Exchange following its Australian listing.
SINGAPORE TELECOMMUNICATIONS LIMITED
- ASX SGT:
CABLE AND WIRELESS OPTUS LIMITED -
ASX CWO:
CABLE AND WIRELESS PLC:...
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