Seeking Alpha

Report: Golan Telecom thinking of buying Cellcom

  • Globes reports Israeli mobile carrier Golan is "seriously considering" a proposal to acquire rival Cellcom (CEL +1.9%) from IDB Holding. Sources tell the paper the offer was likely floated by Lazard.
  • Any decision by Golan would be made by controlling shareholder Michael Golan and 30% shareholder/French telecom magnate Xavier Niel.
  • Speculation has been rife debt-laden IDB would consider selling some of its companies due to its financial issues.
Comments (1)
  • gr8anesthetizer
    , contributor
    Comments (2) | Send Message
     
    Cel near 52 wk high. Sell now or wait for acquisition offer from Golan?
    30 Jul 2013, 09:06 AM Reply Like
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