Tag: Acquisitions/Mergers

[ad_1] Vodafone VOD, +5.98% shares surged on Monday after French telecoms company Iliad submitted proposals to merge its Italy operations with the British firm’s own struggling Italian business, in a deal worth €10.45 billion ($11.4 billion). Vodafone Italia will be merged into the new company – dubbed NewCo – as its parent company has struggled to boost the Italian unit’s performance amid a price war in the country’s phone market. Shares in Vodafone surged 7% on Monday, having lost 20% of their value over the previous 12 months. Under the proposals, Iliad, which is majority owned by French billionaire Xavier ... Read more