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

To: MrGreenJeans who wrote (2229)	12/22/1999 11:17:00 AM
From: David Wiggins	Read Replies (2) \| Respond to of 3175

Mannesmann investor urges Vodafone talks NEW YORK, Dec 22 (Reuters) - Guy Wyser-Pratte, a U.S. investor in the German telecommunications giant Mannesmann AG , on Wednesday said he would would seek a special shareholder meeting to pressure the company to negotiate with hostile bidder Vodafone AirTouch Plc. (quote from Yahoo! UK & Ireland: VOD.L) (NYSE:VOD - news). Wyser-Pratte, a well-known arbitrageur, said his company Wyser-Pratte & Co. would immediately seek powers of attorney from Mannesmann shareholders to call the extraordinary meeting and seek a no-confidence vote in Mannesmann management if they refused to negotiate with Vodafone. Mannesmann's board has been fighting Vodafone's bid, valued at $133 billion (131.6 billion euros) Wyser-Pratte said he would introduce a withdrawal-of-confidence resolution at Mannesmann's regular 2000 shareholder meeting if the extraordinary meeting were not held in a timely fashion. Holders of 5 percent of Mannesmann's share capital have the power to call an extraordinary shareholder meeting and introduce a withdrawal-of-confidence resolution, Wyser-Pratte said. A spokesman for Wyser-Pratte & Co. declined to disclose the company's stake in Mannesmann, saying German regulations do not require it to do so.