Summary
CITY analysts and financial institutions yesterday called on mobile phone giant Vodafone to quit the auction for US operator AT&T Wireless as its bidding rival increased its offer to dollars 38 billion (GBP 20 billion).
Arun Sarin, Vodafone's chief executive, was last night mulling over whether to launch a knockout cash and shares bid after Cingular, the second largest US wireless group, upped its cash offer from around dollars 13 per share to dollars 14 late on Sunday. AT&TW is understood to have held a board meeting last night to consider recommending a takeover from one of its two suitors.See the full content of this document
Extract
Vodafone Urged to Quit at&Tw Bid
Shareholders fear that Sarin risks paying far more than he originally intended for AT&TW, the third large...
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