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Indefensible

9 December 2002 By Mike Monnelly

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Indefensible

9 December 2002 By Mike Monnelly

The group may have to put £1.5bn into escrow for tax reasons. If so, it could ill afford its restructuring to disappoint. C&W should have disclosed this liability before. That it did not is indefensible.

This content is for Subscribers only

 

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