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General

Liberty Global shareholders approve Cable & Wireless buy

Thursday 21 April 2016 | 09:02 CET | News
Liberty Global announced that its shareholders overwhelmingly voted to approve the GBP 3.5 billion acquisition of UK-based telecoms group Cable & Wireless Communications (CWC). The acquisition proposals were supported by over 99 percent of votes cast, representing over 86 percent of all outstanding votes, said Liberty Global in a statement, adding that it expected to close the deal on 16 May. The company agreed to acquire CWC in November, giving shareholders the option of receiving Liberty Global stock or shares of its Caribbean tracker in exchange for their CWC shares.

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Categories: General
Companies: Cable & Wireless Communications / Liberty Global
Countries: Caribbean / Latin America / World
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