Cable & Wireless (LSE:CW.)
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Tata Communications Ltd, or TCL, Thursday confirmed that it is evaluating a possible cash offer for Cable & Wireless Worldwide PLC (CW.LN), the telecoms company.
-Considerations are at a very preliminary stage.
-TCL is now required, by not later than 1600 GMT on March 29, 2012, to either announce a firm intention to make an offer for Cable & Wireless Worldwide or announce that it does not intend to make an offer.
-Cable & Wireless Worldwide shares at 0801 GMT flat at GBP0.28 valuing the company at GBP765 million.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; firstname.lastname@example.org