StockMarketWire.com - Shares of Cable & Wireless Worldwide (CWW) soared over 27% after Vodafone Group said it was in the early stages of evaluating the merits of a potential bid for the U.K. telecoms services provider.
During the weekend there had been press speculation that a deal could take place with rumours that Vodafone might be prepared to pay £700m. for CWW.
Vodafone, whose shares rose 0.8%, declined to specify a figure, although if it did decide to offer it would probably be in cash.
At 10:34am:
(LON:CW.) Cable & Wireless share price was +5.6p at 25.35p
(LON:VOD) Vodafone Group share price was +1.63p at 174.28p
Story provided by StockMarketWire.com
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