Cable & Wireless PLC’s bid vehicle set up for pursuing the agreed cash offer for Thus Group PLC will launch the compulsory acquisition of the remaining Thus shares in late December.
C&W Holdco said that as at 1.00 pm London time on November 10 2008, it owned or had received valid acceptances in respect of over 90 percent of Thus’ share capital.
The transfer of Thus shares in accordance with the compulsory acquisition notices will take place on December 23 2008.
The offer will remain open for acceptance until 1.00 pm on December 23 2008, when the compulsory acquisition programme will be launched.