Tuesday, May 31, 2011

The value of the day on Wall Street - VERIZON target of rumors of takeover

(MarketWatch) - Verizon Communications (+ 2.73% to 42.90 dollars) has been leading the largest increases in the Dow Jones amid speculation about a takeover for $ 160 billion by its British partner Vodafone. The latter tried to quell the rumors in the bud by declaring in a statement it clearly did not intend to make such an offer. The two telecom operators are partners in the mobile operator, Verizon Wireless, owned 45% by Vodafone. 

Vodafone would consider an offer of $ 160 billion on U.S. telecoms operator Verizon Communications, says the website "FT Alphaville." According to this site owned by Financial Times, such an operation would aim to answer questions about the future of Vodafone in the United States, where it holds 45% stake in Verizon Wireless, a subsidiary of Verizon Communications in telephony Mobile. 
Previous speculation had rather concerns the sale of the stake and the distribution of the resulting cash to shareholders. Vodafone wanted to quickly put the dots on i by issuing a press release."Vodafone wishes to make clear that he did not intend to make such an offer," said the British group. 

The U.S. is interested in her climb to 100% of capital. Thanks to the dynamism of Verizon Wireless, its parent company was able to publish results in line with expectations in the first quarter . The U.S. telecoms operator will release its results for the second quarter on July 30. Analysts predict a profit of $ 0.58 per share and sales of 22.96 billion. 
(CJ) 


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