Monday, July 16

Vodafone Issues Lame Denial of Verizon Bid Rumours

Online Stock Trading - Verizon



Stock Market News



Verizon shares moved up sharply this morning on a report that appeared on a Financial Times Website which claimed that Vodafone has been considering a takeover bid worth $160 billion, approximately $55 per share.

Vodafone later issued a statement saying it "wishes to make it clear that it has no plans to make such an offer,"

Note that they don’t say they don’t have plans to make a 'different offer'. Sounds like a pretty lame denial to me.

Watch this mobile space !




2 comments:

Anonymous said...

You might well be right. Businessmen are notoriously slippery.

The Old Vic said...

Hi,
Yes - it's just a hunch but time will tell :-)

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