Pacific Century CyberWorks (PCW, PCWKF) Message Board

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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)

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To: ms.smartest.person who wrote (2582)	9/20/2000 2:47:48 PM
From: ms.smartest.person	Read Replies (1) of 4541

European Stock Alert: Total, C&W, Energis Sell $2.7 Bln Stakes quote.bloomberg.com By Lori Brumat London, Sept. 20 (Bloomberg) -- The following companies in Europe and the Middle East are selling shares on behalf of themselves or their shareholders in coming days and weeks. (Today's updates are indicated with an asterisk.) In The News Total Fina Elf SA, Cable & Wireless Plc and Energis Plc all sold shares in themselves or stakes in companies they own, raising about $2.7 billion as banks placed shares with institutional investors in a matter of hours. <snip> *CABLE & WIRELESS PLC, the U.K.'s second-biggest phone company, is raising as much as HK$10.4 billion ($1.3 billion) by selling a 4.9 percent stake in Pacific Century CyberWorks Ltd. The company is selling the shares at between HK$9.68 and HK$9.98 each, said Merrill Lynch & Co., which is handling the sale with ABN Amro Holding NV, HSBC Holdings Plc and BNP Paribas SA. Cable & Wireless closed yesterday at HK$10.75 The sale of the roughly 1.04 billion shares will price later today, said banks managing the sale. (Updated Sept. 20. Company news: 8 HK CN BN.) <snip>

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