Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • July 2007 (Revised May 2008)
  • Case
  • HBS Case Collection

Cable & Wireless America

By: Guhan Subramanian and Eliot Sherman
  • Format:Print
  • | Pages:11
ShareBar

Abstract

Describes the auction of Cable & Wireless America (CWA), a bankrupt subsidiary of the British telecommunications company Cable & Wireless. While an initial "stalking-horse" bid valued the assets at $125 million, after a long day and night of bidding between eight groups, the best bid was in the high $60-million range. The sell-side team, comprised of bankers from the Blackstone Group and Greenhill, and lawyers from Wachtell Lipton and Kirkland & Ellis, is forced to regroup and reconsider their options for galvanizing the bidding process. Describes these events in detail, while providing information for students on CWA's history, the nature of Section 363 auctions, and the bidders who were involved in the process.

Keywords

Mergers and Acquisitions; Insolvency and Bankruptcy; Auctions; Bids and Bidding; Negotiation Process

Citation

Subramanian, Guhan, and Eliot Sherman. "Cable & Wireless America." Harvard Business School Case 908-004, July 2007. (Revised May 2008.)
  • Educators
  • Purchase

About The Author

Guhan Subramanian

Negotiation, Organizations & Markets
→More Publications

More from the Authors

    • 2022
    • University of Pennsylvania Journal of Business Law

    Freezeouts in Delaware and Around the World

    By: Guhan Subramanian
    • 2022
    • University of Chicago Business Law Review

    Pills in a World of Activism and ESG

    By: Guhan Subramanian and Caley Petrucci
    • November 2021
    • Faculty Research

    LKQ-Stahlgruber

    By: Guhan Subramanian and Caeden Brynie
More from the Authors
  • Freezeouts in Delaware and Around the World By: Guhan Subramanian
  • Pills in a World of Activism and ESG By: Guhan Subramanian and Caley Petrucci
  • LKQ-Stahlgruber By: Guhan Subramanian and Caeden Brynie
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College