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Verizon Communications (VZ) and AT&T (T) have reportedly been working on a $245B breakup bid...

Verizon Communications (VZ) and AT&T (T) have reportedly been working on a $245B breakup bid for Vodafone (VOD) whereby Verizon would realize its long-held dream of gaining full control of Verizon Wireless and AT&T would obtain Vodafone's non U.S. assets. "Usually reliable people" tell the FT that Verizon and AT&T would offer 260p a share in what would be the biggest takeover in history. Vodafone shares are +4.8% at 195.64 pence in London.
Comments (7)
  • Yes!

     

    Just sold a bunch of LEAPs yesterday at 25 for mad premiums
    2 Apr 2013, 06:16 AM Reply Like
  • what's a "break up bid"?
    2 Apr 2013, 07:57 AM Reply Like
  • Verizon would acquire the Vodafone stake of Verizon Wireless, and AT&T would acquire all overseas Vodafone assets.
    2 Apr 2013, 09:28 AM Reply Like
  • A "breakup bid" is the price to "break" Vodafone's wireless assets in Verizon Wireless. VOD historically does not want to own assets that it does not control. In this case they own <50% of Verizon wireless (i think 45%). I think this is highly unlikely to occur b/c VZ Wireless is a cash cow and VZ needs it for the future so VOD will just keep cashing div checks.
    2 Apr 2013, 10:28 AM Reply Like
  • For what it is worth, I think that this was a single-sourced, incorrect article.
    2 Apr 2013, 10:41 AM Reply Like
  • It's a good point. Could be buy the rumor, sell the news here. There seems to be a tremendous buzz around this however, as this is the third rumor in a row, the others coming from analysts.
    2 Apr 2013, 02:29 PM Reply Like
  • VOD After Hours: $28.25 -$1.16/-3.94%)

     

    “It does not, however, currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others,” Verizon said.
    2 Apr 2013, 05:30 PM Reply Like
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