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Vodafone entered the fray on January 7 with a bid of round $55 billion, or $89 per share. Related Post: like this Negotiations continued for the next several days until, on January 15, Vodafone agreed to pay $ninety seven per share, for a total of $62 billion. That worth was 33% greater than Bell Atlantic’s authentic provide and forty three% more than AirTouch’s share worth earlier than the primary rumors of Bell Atlantic’s provide had surfaced. Implicit within bid4papers the deal was the fact that for its shareholders to interrupt even, Vodafone would have to find cost savings and income generators value a minimum of $20 billion. Yet the market liked this deal very much. During the course of this bidding warfare, Vodafone’s stock price truly increased some 14%.

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