Thus bid expected today
Monday 30 June 2008
Thus, the broadband and telecoms supplier who owns
Demon Internet is expected to receive a takeover bid offer from Cable and Wireless today.
Cable and Wireless previously had a £1.65 per share offer for the Scottish telecoms company rejected after it was thought that the deal wasn't lucrative enough. The Guardian now suggests that the bid has been increased to £1.80 however, it has been suggested that Thus are hoping for £2.52 per share.
If the deal is successful then Cable and Wireless will seriously increase their broadband presence with the most important move since they sold their
Bulldog broadband service over to
Tiscali.
Source:
PC Pro
