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# Telewest Takes Over General Cable
- URL: https://www.protein.xyz/telewest-takes-over-general-cable/
- Published: 1998-04-24T06:00:00.000Z
- Updated: 2016-06-08T02:58:26.000Z
- Description: Cable operator Telewest Communications says it will buy rival General Cable in a cash-and-stock deal valued at 649 million pounds…
- Author: Protein
- Tags: SEEDS, #protein, #Import 2024-06-11 13:21

Cable operator Telewest Communications says it will buy rival General Cable in a cash-and-stock deal valued at 649 million pounds (US$1.1 billion). Telewest of Woking, England and General Cable of London say their merger would create a powerful player in Britain's cable and telephone industry, with interests in 43 cable franchises. The deal values General Cable at 61% more than its closing stock price on Feb. 20, just before the company said it was engaged in takeover talks.   
  
[http://www.telewest.com/](http://www.telewest.com/?ref=protein.xyz)  
  
(Source: USA Today)