Cable & Wireless PLC - Announcement by Cable and Wireless plc.

PR Newswire UK Disclose, August, 2005

 
Cable and Wireless plc notes the current speculation relating to an imminent 
transaction with Energis. As announced at its AGM on 22 July 2005 Cable & 
Wireless has approached the stakeholders of Energis, and has made a proposal to 
acquire Energis. 
 
 
 
Cable & Wireless' proposal has been recommended unanimously by the board of 
Energis to Energis' stakeholders. 
 
 
 
The acquisition proposal will not be increased in value under any circumstances 
and will fall away if 75 percent by value of the holders of Energis' debt have 
not signed the acceptance by 5.00pm on Monday 15 August 2005. If 75 percent so 
accept by that date, then the proposal will become a binding legal contract. 
 
 
 
A further announcement will be made on Tuesday 16 August 2005. 
 
For further...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.