The Third Time's The Charm: NTL Makes Three Offers for Virgin Mobile
An AFP newswire article, via Yahoo! News, reports that:
The US cable operator NTL said it had made three new offers for the British telecommunications group Virgin Mobile, one of which was in cash and valued the company at around 940 million pounds (1.37 billion euros, 1.66 billion dollars).
A second offer in NTL shares was equivalent to 890 million pounds, while the third was a combination of cash and shares and put Virgin Mobile's value at 883 million pounds.
The group's majority shareholder Richard Branson has accepted the third option, paving the way for the takeover of the British cellphone group.
posted by Fergie @ 1/16/2006 03:23:00 PM
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