Liberty Global, the ultimate parent company of Cable & Wireless Jamaica, made an offer to acquire all minority shareholding in the listed local entity that trades on the Jamaica Stock Exchange.
Liberty is offering $1.45 per share, according to an offer circular issued on Friday to shareholders – a 25 cent premium on that day’s closing price. The offer opened December 29 and closes January 31.
The international telecom aims to acquire three billion CWJ shares, through CWC Cala Holding Limited. CWC Cala and affiliate Kelfenora Limited together hold 82 per cent of CWJ, which trades as Flow Jamaica.Read More…http://jamaica-gleaner.com/article/business/20171229/cable-wireless-jamaica-minority-owners-get-buyout-offer