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To: candide- who wrote (2194)2/2/2000 2:38:00 PM
From: Dr. David Gleitman  Read Replies (2) | Respond to of 35685
 
Picked up some more of the July 160 contracts at 25.

To infinity and beyond.... (has that been taken already?)

David



To: candide- who wrote (2194)2/2/2000 3:01:00 PM
From: JohnG  Respond to of 35685
 
Look Here. VOD closing in on Mannisman (SP?. Recall that Q and VOD proved a CDMA air GSM land system the other day using modified CDMA phones having a SIM ( subscriber identity module) just like European GSM phones. Fortress Europe is teatering or is it titering.
JohnG

Wednesday, February 2, 2000

TELECOMS

Mannesmann about to
open doors to Vodafone

NEWSBYTES

In the face of a higher offer from Vodafone Airtouch,
Mannesmann may save face and allow its
telecommunications and industrial services operations to
be taken over in the world's largest merger/acquisition,
according to reports.

Vodafone's offer, now worth around US$145 billion,
may be raised to as much as $160 billion.

Coupled with various sweeteners for Mannesmann
shareholders, drawing on the cash expected to be raised
by the sell-off of the Orange cellular group,
Mannesmann is said to be close to agreeing to a deal.

With five days to go before its offer expires, Vodafone
has said the applications from Mannesmann
shareholders willing to accept its bid may cause a
logjam in its operations, causing it to miss the February
7 deadline.

Mannesmann chief executive Klaus Esser previously
had said he would reject an offer in which Mannesmann
shareholders end up with less than 58.5 per cent of the
shares in the merged company.

Vodafone, meanwhile, offered to raise the share deal to
49 per cent, provided that Esser agreed to a friendly
merger.

The New York Times recently quoteed George
Denoke, a spokesman for Mannesmann, as saying the
firm was receptive to a higher offer but only if it was
good for the company's shareholders.

The indications are that the merger courtship dance
between the two companies is now entering the end
game, but yesterday's London Times newspaper
reported that an administrative logjam could scupper the
whole administrative process.

The paper quoted sources as saying that Vodafone was
taking up to four days to register the votes of
Mannesmann shareholders, meaning that it could miss
the February 7 deadline.

If Mr Esser agrees to Vodafone's deal, however, then
an extension to the shareholder voting would result,
giving Vodafone the time it needs to keep the paper
mountain under control.

Mannesmann's Web site is at www.mannesmann.de.

Vodafone's Web site is at www.vodafone.c