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A Droyd

A Droyd
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  • Citi is excited by reports of Verizon (VZ +1.2%) attempting to buy out Vodafone's (VOD +1.4%) 45% stake in Verizon Wireless: analyst Michael Rollins has upgraded the carriers to Buy, and states a deal would yield "significant EPS and FCF accretion to Verizon in the first year under most of the scenarios we explored." Others on the Street think likewise. [View news story]
    VOD's track record is to pay down debt and buy back shares
    Mar 18, 2013. 02:28 PM | Likes Like |Link to Comment
  • Citi is excited by reports of Verizon (VZ +1.2%) attempting to buy out Vodafone's (VOD +1.4%) 45% stake in Verizon Wireless: analyst Michael Rollins has upgraded the carriers to Buy, and states a deal would yield "significant EPS and FCF accretion to Verizon in the first year under most of the scenarios we explored." Others on the Street think likewise. [View news story]
    VOD would have a large gains tax bill if they were to sell VW to VZ. VOD shareholders would probably find this unattractive. Simpler for VZ to buy VOD and then sell off the bits it doesn't want - many of which are quite attractive.

    I am long VOD (UK resident)
    Mar 18, 2013. 12:02 PM | Likes Like |Link to Comment
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