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Deadline Looms For Vodafone Stock Decision

Article Comments  44  

Jun 22, 2007, 11:45 AM   by (staff)

Vodafone shareholders could convince the European carrier to sell some of its stock in Verizon Wireless. When it joined with Verizon to form Verizon Wireless, Vodafone was given until August 9, 2007 to sell up to $10 billion of stock in the venture. At current value, that would be approximately 7% of the company, leaving Vodafone with a 38% stake. Previously there have been rumors that Vodafone was looking to sell its entire stake back to Verizon, however the company has stated it is not ready to sell any time soon.

more info at Investor's Business Daily »



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Subject Author Date
Tough decision for Voda. nextel18 Jun 25, 2007, 5:01 PM
Useless stock... bones boy Jun 22, 2007, 1:47 PM
Good! Hopefully some changes! Wireless Buddy Jun 23, 2007, 9:03 AM
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