Vodafone-Airtouch (NYSE: VOD) Message Board

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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)

VOD 15.06

+3.0%

2:26 PM EST

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To: David Wiggins who wrote (2069)	11/14/1999 6:52:00 PM
From: Chuzzlewit	Read Replies (1) of 3175

David, FWIW, most studies show that hostile takeovers are far superior to friendly ones. The reason is that "friendly" takeovers generally result in maintaining the status quo in the acquired company, and too many concessions are offered to entrenched management. It's pretty difficult for outsiders to judge just how much Mannesman is worth, and Gent seems to be looking to fill gaps in VOD's European coverage. My guess is that his reasoning is that not only will this result in synergies from the expanded coverage area, but also substantial cost savings. That means that the value of Mannesman is assessed on its potential when added to the Vodafone network. Time will tell ... TTFN, CTC

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