Article Abstract:
Mannesmann AG acquires 91% of Orange PLC's shares as it struggles against a hostile takeover bid made by Vodafone PLC. Vodafone will have to dispose of its Orange shares in order to acquire Mannesmann now, due to European regulations.
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Article Abstract:
Mannesmann AG confirmed it was negotiating with Orange PLC to buy the British mobile-phone operator for more than $30 billion (Euro 27.68 billion ). The agreement could be announced as early as today. It would put Mannesmann in a good position to overtake Telecom Italia Mobile SpA as the biggest cellphone operator in Europe. If completed, the deal could also become the eighth-biggest telecommunications merger in the world, and the second-biggest in Europe.
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Article Abstract:
Vodafone AirTouch PLC is going ahead with its hostile takeover plan for Mannesmann AG and Orange PLC. The two deals will have a value of over $100 billion (95.74 billion euros).
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