
C&W Worldwide extends bid deadline to 19 April

Cable & Wireless Worldwide announced an extension of the deadline for Vodafone and Tata Communications to make a takeover bid for the company. Both companies indicated earlier their interest in acquiring C&W Worldwide, and under the UK market's so-called 'put up or shut up' rules, they were required to confirm their intentions to make a bid by 29 March. Under the agreed extension, they now have until 19 April to decide whether they will make an offer.
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