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Vodafone entered the fray on January 7 with a bid of around $fifty five billion, or $89 per share. Negotiations continued for the following a number of days till, on January 15, Vodafone agreed to pay $ninety seven per share, for a complete of $sixty two billion. That value was 33% more than Bell Atlantic’s unique supply and 43% greater than AirTouch’s share price before the first rumors of Bell Atlantic’s provide had surfaced. Implicit in the bid4papers review deal was the fact that for its shareholders to break even, Vodafone would have to discover cost financial savings and income turbines worth no less than $20 billion. But the market preferred this deal very much. During the course of this bidding warfare, Vodafone’s stock price really increased some 14%.
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