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Date: 1999-01-16

Vodafone übernimmt Airtouch


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q/depesche 99.1.16/3
updating 99.1.16/1

Vodafone übernimmt Airtouch

Ein bisserl mehr Recherche hätte der ersten q/depesche von
heute nicht schaden können. Nachdem der eigene Kurs seit
der Eröffnung des 45 Milliardenangebots kontinuierlich
gefallen war, stieg Bell Atlantic gestern abend überraschend
aus.

post/scrypt: Wir ersuchen um Nachsicht für dieses Versehen
& danken peter.ergoth@gmx.de für blitzartige Korrektur.

psot/post/scrypt: Zu allem Überfluss ist die vorherige
Depesche unter falscher Flagge losgeflogen -
Bussvorschläge vom p.t. Publico werden ab sofort
angenommen.

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January 15, 1999: 10:49 p.m. ET
NEW YORK (CNNfn) - British mobile-phone giant Vodafone
Plc on Friday won the bidding war for U.S. cellular
powerhouse AirTouch Communications, as Bell Atlantic
Corp. apparently declined to counter Vodafone's estimated
$56 billion offer.
...
Under Vodafone's offer -- one of the largest proposed cross-
border deals ever --investors will receive 0.5 Vodafone
American Depositary Receipts (ADRs) and $9 cash for each
AirTouch share held. Vodafone's (VOD) ADRs closed Friday
on Wall Street at $176, up 1-7/16.
...
Plans call for Friday's deal to close in 1999's second half,
subject to shareholder and regulatory approvals. Both
companies' boards have already approved the merger.
Presuming the deal goes through, the merged entity, to be
called "Vodafone AirTouch," will serve 23 countries on four
continents.
...
The two companies announced their merger hours after Bell
Atlantic terminated its own $45 billion effort to buy AirTouch
(ATI). "Bell Atlantic announced (Friday) that its discussions
with AirTouch Communications relating to a possible
business combination have ended," the company said in a
brief statement. A Bell Atlantic spokesman offered no further
explanation, saying only there was "no deal." Still, Bell
Atlantic said it did plan maintain existing PrimeCos PCS and
roaming-cellular relationships with AirTouch.

http://cnnfn.com/hotstories/deals/9901/15/bellatlantic/

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edited by Harkank
published on: 1999-01-16
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