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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)
VOD 14.17+1.6%Jan 23 9:30 AM EST

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To: Chuzzlewit who wrote (2189)11/28/1999 9:42:00 PM
From: MrGreenJeans  Read Replies (1) of 3175
 
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My only thoughts on this are that Vodafone must feel they have the upper hand in terms of obtaining 50.1% of the shares. By leaving the door open for Mannesmann, Vodafone probably did not want to waste time and money fighting Mannesmann in a hostile bid. This is confirmed by the fact that no cash element has been forthcoming in this deal to woo Mannesmann.

Anyway now the stage is set. Mannesmann strategy may have backfired here. Esser is toast. On the other hand, if absorbed by Vodafone, Mannesmann still wins because the bid is more than generous; it is payday for everyone.

I'm thinking that the 5% voting rule may actually work against Mannesmann.

How so? The rule expires in June. If you are implying this gives shareholders more say in this matter I agree because the rule expires shortly. A merger of this magnitude would not be complete then anyway.
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