Thursday, May 24, 2007

C&W scotches M&A talk

(Reuters) - Persistent bid speculation has underpinned shares in Britain's number two corporate telecoms provider for months as a recovery in its laggard UK business gathers pace, making it one of the top performing telecoms stocks globally.




But the group, with a history that dates back to the 1860s when telegraph cables were first laid overseas from Britain, said most of the rumors were just market mischief-making.


Read more at Reuters.com Bonds News

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