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Technology Stocks : Vodafone-Airtouch (NYSE: VOD) -- Ignore unavailable to you. Want to Upgrade?


To: MrGreenJeans who wrote (2223)12/20/1999 10:24:00 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 3175
 
Vodafone to post Mannesmann bid on Thursday
LONDON, Dec 20 (Reuters) - British cellphone giant Vodafone AirTouch Plc said on Monday it would post its offer document for Germany's Mannesmann AG on Thursday and that it would leave its record hostile bid open until February 7, 2000.

Vodafone, which had been expected to post its formal tender offer before Christmas, said the offer was no longer conditional on clearance from European Commission competition regulators and noted that its takeover terms -- 53.7 Vodafone AirTouch shares for each Mannesmann share -- were final.

Vodafone, the world's biggest cellphone group, launched an all-share bid for Mannesmann in November, which currently values its partner in Germany, Italy and France at around 134 billion euros ($135.2 billion), or 263 euros per share.

(Note: this article is ``in progress'; there will likely be an update soon.)