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Telefonica (TEF +2.4%) raises its bid for Vivo (VIV +1.9%) for the second time, ahead of...

Telefonica (TEF +2.4%) raises its bid for Vivo (VIV +1.9 %) for the second time, ahead of Portugal Telecom's (PT +0.4%) shareholder meeting today. The offer is now €7.15B ($8.7B) for PT's share of Vivo, but it's unclear whether the sweetener will be enough to convince PT's core shareholders, who have opposed a deal thus far. (previously: I, II, III, IV)
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