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General

Vodafone ups offer for Ono in preliminary deal - report

Monday 10 March 2014 | 09:16 CET | News
Vodafone has raised its offer for Spanish cable operator Ono to EUR 7 billion including debt and has reached a preliminary agreement to buy the company, reports Reuters citing unnamed sources close to the matter. Ono is said to have opened its books to allow Vodafone to initiate an accelerated due diligence process ahead of its shareholders meeting on 13 March. However, until Vodafone makes a firm offer to all shareholders, Ono intends to continue working on alternative plans for an IPO, which is due to be formally presented at the 13 March meeting. The Spanish operator previously rebuffed

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Categories: General
Companies: Liberty Global / Ono / Vodafone
Countries: Spain
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