BN 02/09 21:43 Vodafone Said to Approach Spain’s ONO for Potential Acquisition
Vodafone Said to Approach Spain’s ONO for Potential Acquisition
2014-02-09 21:53:08.776 GMT
By Rebecca Jones
Feb. 10 (Bloomberg) -- Vodafone Group Plc has approached
Grupo Corporativo ONO SA’s owners about a potential acquisition
as the cable company meets this week to discuss an initial
public offering or a sale, people familiar with the matter told
Bloomberg’s Manuel Baigorri, Kiel Porter and Amy Thomson.
* Vodafone has contacted Madrid-based ONO’s main shareholders
about a possible purchase
* Bid will probably have to be in the range of 7-8b euros to
win the board’s backing, based on feedback from recent
investor meetings for a share sale, one of the people said
* Ben Padovan, a spokesman for Vodafone, declined to comment,
as did Estefania Somoza, a spokeswoman for ONO
* NOTE: Bloomberg News reported Jan. 26 that Vodafone is
seeking to acquire ONO and that a deal may be announced in a
few weeks
* Full story: NSN N0R0DB6K50XS<GO>
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To contact the reporter on this story:
Rebecca Jones in Melbourne at +61-3-9228-8726 or
revans6@bloomberg.net
To contact the editor responsible for this story:
Rebecca Jones at +61-3-9228-8726 or
revans6@bloomberg.net
2014-02-09 21:53:08.776 GMT
By Rebecca Jones
Feb. 10 (Bloomberg) -- Vodafone Group Plc has approached
Grupo Corporativo ONO SA’s owners about a potential acquisition
as the cable company meets this week to discuss an initial
public offering or a sale, people familiar with the matter told
Bloomberg’s Manuel Baigorri, Kiel Porter and Amy Thomson.
* Vodafone has contacted Madrid-based ONO’s main shareholders
about a possible purchase
* Bid will probably have to be in the range of 7-8b euros to
win the board’s backing, based on feedback from recent
investor meetings for a share sale, one of the people said
* Ben Padovan, a spokesman for Vodafone, declined to comment,
as did Estefania Somoza, a spokeswoman for ONO
* NOTE: Bloomberg News reported Jan. 26 that Vodafone is
seeking to acquire ONO and that a deal may be announced in a
few weeks
* Full story: NSN N0R0DB6K50XS<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
.
To contact the reporter on this story:
Rebecca Jones in Melbourne at +61-3-9228-8726 or
revans6@bloomberg.net
To contact the editor responsible for this story:
Rebecca Jones at +61-3-9228-8726 or
revans6@bloomberg.net