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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (713)6/19/2005 10:09:46 PM
From: richardred  Respond to of 7243
 
France Telecom Denies Takeover Bid Report
Sunday June 19, 2:29 pm ET
France Telecom Denies British Newspaper Report of $7.3 Billion Cable & Wireless Takeover Bid

PARIS (AP) -- France Telecom has denied a British newspaper report that it was planning a $7.3 billion takeover of British rival Cable & Wireless.

"France Telecom formally denies everything that is in this article," said spokeswoman Nilou de Castel. "It is pure fantasy."

The Sunday Telegraph newspaper, which did not cite any sources, said France Telecom was planning the bid as part of a strategy to diversify its interests in Britain.
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