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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)
VOD 14.76-6.1%11:26 AM EST
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To: Chuzzlewit who wrote (2137)11/22/1999 7:51:00 AM
From: MrGreenJeans   of 3175
 
C

My question to the thread is this: if Mannesmann's poison pill is the prohibition against any shareholder voting more than 5% of the stock, does that blunt the influence of some large institutional holders, or is it simply designed to fend off an acquisitive company from purchasing more than 5%?

The question is purely academic at this point. This provision expires in June 2000 and a Vod-Mannesmann deal will not close by then anyway making the 5% restriction moot. The 5% restriction becomes useless in about 6 months.
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