Mannesmann has control of 91% of Orange's shares

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.

Statistical Data Included, Brief Article

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Mobile attack; Mannesmann races to put together Europe's WorldCom

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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Vodafone advances its takeover plans

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).

author: Raghavan, Anita
Radiotelephone communications

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subjects list: United Kingdom, Diversified companies, Germany, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Cellular telephone services industry, Cellular telephone services, Wireless communications services, Mannesmann AG, Vodafone AirTouch PLC, Orange PLC
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