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Prospect News home > News index > List of issuers C > Headlines for Cable & Wireless plc > News item
Published on 7/20/2006 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P: Cable & Wireless unaffected

Standard & Poor's said its ratings and outlook on Cable & Wireless plc (BB-/negative/B) were unchanged following the company's announcement of a formal proposal to acquire 100% of the outstanding share capital of KeyTech Ltd.

S&P noted that the cash offer made to KeyTech's shareholders amounts to Bermuda dollar 205 million and includes a 35% premium.


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