NTL to Acquire Telewest for $6 Billion
An AP newswire article, via Yahoo! News, reports that:
NTL Inc. is acquiring fellow British cable-TV provider Telewest Communications in a $6 billion deal to create Britain's second-largest communications company, the two firms announced Monday.
Telewest shareholders will receive $16.25 per share in cash and 0.115 NTL shares for each Telewest share, valuing Telewest at about $6 billion.
The combined companies will have nearly 5 million residential subscribers and annual revenue of 3.4 billion pounds ($6 billion).
posted by Fergie @ 10/03/2005 05:41:00 AM
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