Vodafone holders want Verizon to bid for the whole company
According to speculation, the deal is expected to be 50% stock and 50% cash. Despite the decent amount of cash associated with the deal, the half dozen major Vodafone holders say that if Verizon won't raie its bid to $120 billion for the Verizon Wireless stake, they would prefer to see Verizon make a bid for all of Vodafone.
What has these holders concerned is the opinion that the Verizon Wireless stake is the best part of Vodafone and if it is sold, analysts, traders and investors would have nothing left to focus on except for Vodafone's struggling performance in the European market. The stake in the largest U.S. carrier accounted for half of Vodafone's operating profit for the six months ended September 2012. It also received a 2.4 billion GBP ($3.7 billion USD) dividend from Verizon Wireless of which 1.5 billion GBP ($2.3 billion USD) was used to buy back Vodafone stock.
While shareholders contacted by Reuters said that a $120 billion deal for the Verizon stake would be about right, the market cap for all of Vodafone is only $145 billion. One possible negative is a tax bill that could reach between $5-$20 billion USD.
Posts: 97; Member since: Mar 16, 2013
posted on Apr 27, 2013, 6:56 PM 0
Posts: 440; Member since: May 12, 2012
posted on Apr 27, 2013, 7:06 PM 1
Posts: 151; Member since: Dec 16, 2009
posted on Apr 28, 2013, 4:19 PM 1
Posts: 494; Member since: Sep 21, 2012
posted on Apr 27, 2013, 7:22 PM 1
Posts: 1061; Member since: Nov 30, 2010
posted on Apr 27, 2013, 10:10 PM 1
Posts: 641; Member since: Nov 03, 2012
posted on Apr 27, 2013, 10:44 PM 3
Posts: 232; Member since: Jan 24, 2013
posted on Apr 28, 2013, 2:51 PM 1
Posts: 274; Member since: Mar 19, 2011
posted on Apr 28, 2013, 3:41 PM 1
Posts: 6; Member since: Jun 25, 2012
posted on Apr 28, 2013, 8:33 PM 0
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):