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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)

VOD 14.51

+1.9%

3:59 PM EST

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To: Chuzzlewit who wrote (2175)	11/25/1999 11:00:00 PM
From: MrGreenJeans	Read Replies (1) of 3175

AFX (UK): VODAFONE'S GENT CONFIDENT OF CONTROLLING MANNESMANN BY END-JAN 2000 100% match; AFX (UK) ; 25-Nov-1999 08:02:48 pm ; 190 words Vodafone AirTouch PLC chairman Chris Gent said the group is confident that it will have control of Mannesmann AG by the end of January 2000. Speaking in an interview with Bild-Zeitung newspaper today, Gent said: "We are confident of getting the necessary 50 pct plus one share support for our offer by the end of January." "We are sending out a written offer to (Mannesmann) shareholders before the Christmas break," he said. kb/cmr Gent said that if Vodafone acquires Mannesmann there will be no job losses as a result. "There will be no dismissals as a result of the transaction," he told Bild newspaper, adding: "Telecommunications is a growth market, there will even be new jobs created here." "We assure all employees that we respect Mannesmann's corporate culture," he said, adding that Vodafone will provide employees with all their current rights in the event of a takeover. "We are happy to respect German employee voting rights - that applies especially to employee representatives," Gent said. Asked what Vodafone's chances are of acquiring Mannesmann, Gent said: "We have a very good chance."

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