Thus/Energis Energised auction

Would you give up a bird in the hand for the promise of a bird in the bush that was no bigger, with the risk of getting nothing more than a handful of feathers? Probably not. But that’s what Thus shareholders are asking investors in Energis to do. The UK telecoms group is trying to break up a bid from Cable & Wireless for Energis – a one-time high flying telecoms company that fell to earth with the TMT bust and is now owned by its debtholders. C&W has offered £720m in cash for the company, pl...