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In an unexpected and controversial move, Portugal's government blocks Telefonica's (TEF) bid for...

In an unexpected and controversial move, Portugal's government blocks Telefonica's (TEF) bid for Portugal Telecom's (PT) stake in Vivo (VIV). 74% of PT's shareholders had voted in favor of the €7.15B ($8.7B) bid, and the government's intervention will likely be challenged by both Telefonica and the European Commission.
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Comments (1)
  • TJ Schoenlein
    , contributor
    Comments (413) | Send Message
     
    Wait a minute here.. 74% of shareholders say (owners) yes.. Portugal govt says nein? Were not talking about national security here are we? Give me a break.
    1 Jul 2010, 09:55 PM Reply Like
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