Thus Reticent On Takeover Bid but Increased Offer Signals C&W Success
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Summary
The Thus board have refused to back bid from C&W but it now looks likely to succeed
THUS, the Glasgow telecoms group, grudgingly moved towards a takeover yesterday after industry giant Cable & Wireless upped its offer to 180p-a-share, or some GBP 329 million, and bought a major stake in the Scots business.See the full content of this document
Extract
Thus Reticent On Takeover Bid but Increased Offer Signals C&W Success
C&W was granted access to Thus's books last week and quickly began building a major stake in its rival, revealing yesterday that it had spent almost GBP 100m acquiring...
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