Acquirer: Pacific Century CyberWorks Type of deal: LBO of Hong Kong Telekom Amount: $37 billion (later adjusted to $28 billion) Date of announcement: February 29 2000 Advisers for PCCW: Bank of China International, CSFB, MSDW, UBS Warburg Advisers for Cable & Wireless: Merrill Lynch, Greenhill & Co Adviser to HKT: Jardine Fleming (now Chase) Independent financial adviser to HKT board committee: ING Barings In February 2000 Pacific Century CyberWorks (PCCW) left the biggest imprint on corporate history ever made by an internet company. |
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