Vodafone's (VOD) $1.6B takeover of Cable & Wireless Worldwide looks set to move forward...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone's (VOD) $1.6B takeover of Cable & Wireless Worldwide looks set to move forward after C&WW's largest shareholder dropped its opposition. The news that holders of 59% of C&WW's shares had already backed the takeover prompted institutional investor Orbis to add its 19% stake to the pile.