Cable and Wireless plc will exit its US businesses by filing a Chapter 11 process for its Cable & Wireless America (CWA) operations and selling the assets for $125 million to Gores Technology Group. CWA is a provider of complex hosting and IP solutions for global enterprises. The companies said the Chapter 11 process would facilitate the sale by creating a substantially lower cost base, primarily through the elimination and renegotiation of certain lease and other contractual commitments.Cable and Wireless plc, which said its intention was...