Vodafone investors want bigger bid or full takeover by Veriz

Home Forums Vodafone investors want bigger bid or full takeover by Veriz

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    Anonymous

    Technology News

    A customer walks past the Vodafone logo in a shopping mall in PragueBy Sinead Cruise and Chris Vellacott LONDON (Reuters) – Six major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications, and urged the latter to come up with an offer of at least $120 billion. Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid. …


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