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Vodafone entered the fray on January 7 with a bid of around $fifty five billion, or $89 per share. Negotiations continued for the next several days till, on January 15, Vodafone agreed to pay $97 per share, for a total of $sixty two billion. Related Post: continue reading this.. That worth was 33% greater than Bell Atlantic’s original offer and 43% more than AirTouch’s share price before the primary rumors of Bell Atlantic’s offer had surfaced. Implicit within bid4papers review the deal was the fact that for its shareholders to interrupt even, Vodafone would have to discover price savings and revenue turbines value at least $20 billion. But the market liked this deal very a lot. Through the course of this bidding war, Vodafone’s inventory worth really elevated some 14%.
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