The British mobile phone giant Vodafone AirTouch yesterday said that its proposed takeover of the German conglomerate Mannesmann no longer hung on European regulatory approval and would become active on Friday. The €137-billion bid will be the biggest corporate takeover in history if it wins the backing of Mannesmann shareholders. Vodafone published formal details of its planned offer and stated that its final offer for Mannesmann was worth 53.7 Vodafone AirTouch shares for each Mannesmann share. The British company said that its offer "is no longer conditional upon clearance from the European Commission".
Vodafone sets its terms
The British mobile phone giant Vodafone AirTouch yesterday said that its proposed takeover of the German conglomerate Mannesmann…
From maternity leave to remote working: Submit your work-related questions here
Listen to Inside Business podcast for a look at business and economics from an Irish perspective
Sign up to the Business Today newsletter for the latest new and commentary in your inbox
Suella Braverman defects to Nigel Farage’s Reform and slams Tory ‘lies’
Micheál Martin knocked by poll as he ponders walking Trump tightrope
Mother who sexually assaulted daughter (6) and let brother rape her jailed for 15 years
Have your say: How have you found motherhood after 40?
Met Éireann expands weather warnings as Storm Chandra approaches
Business Today
Get the latest business news and commentary from our expert business team in your inbox every weekday morning