13:11 21-FEB-2000
PCCW <1186.HK> says no deal in C&W HKT merger yet
HONG KONG, Feb 21 (Reuters) - Pacific Century CyberWorks Ltd (PCCW) said on Monday it was still in talks with Cable & Wireless Plc about a possible merger between PCCW and Cable & Wireless HKT <0008.HK> but no agreement had been reached yet. "Discussions have been continuing between PCCW and its advisers and Cable & Wireless Plc and its advisers in relation to the proposed transaction," the company said in a statement.
But at this stage, no formal agreement had been reached and there had been no developments in relation to the proposed transaction that were required to be disclosed under the stock exchange's listing rules and the takeovers and mergers code. .
Previous News: ***GLANCE - Foreign exchange news at 0510 GMT ***
PCCW <1186.HK> says no deal in C&W HKT merger yet
HONG KONG, Feb 21 (Reuters) - Pacific Century CyberWorks Ltd (PCCW) said on Monday it was still in talks with Cable & Wireless Plc about a possible merger between PCCW and Cable & Wireless HKT <0008.HK> but no agreement had been reached yet. "Discussions have been continuing between PCCW and its advisers and Cable & Wireless Plc and its advisers in relation to the proposed transaction," the company said in a statement.
But at this stage, no formal agreement had been reached and there had been no developments in relation to the proposed transaction that were required to be disclosed under the stock exchange's listing rules and the takeovers and mergers code. .
Previous News: ***GLANCE - Foreign exchange news at 0510 GMT ***
