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Current price of £1.39 looks a steal to me?
FTSE in-depth: Vodafone tipped for Talk talk bid
By Geoff Foster
10 November 2010, 8:16am
The mutter from the gutter suggested that the heavyweight corporate finance team at HSBC have been burning the midnight oil of late working on a potential £1.8bn, or 195p a share, cash offer for TalkTalk Telecom.
Shares of the broadband internet provider, home phone and mobile business, which was demerged from Carphone Warehouse (5.5p easier at 352.5p) in March, buzzed 6.3p higher to 140p as speculation intensified.
Vodafone, the mobile phone giant, was last night being tipped as a possible buyer of TalkTalk, the UK's second biggest broadband firm behind BT with more than 4m customers.
Chief executive Vittorio Colao yesterday pleased the market with impressive interim figures and said he wanted to create a more valuable Vodafone.
Colao sold the group's shares in China Mobile for £4.3bn in September and now has plans to sell its stake in Japan's Softbank for £3.1bn. He therefore could easily afford to swallow TalkTalk, and an offer in the region of 195p would give founder and chairman Charles Dunstone a huge windfall.
His 32.4% stake would be worth £569m, while his old mate David Ross's 16% shareholding would reap £267m.
Read more: http://www.thisismoney.co.uk/markets/article.html?in_article_id=517981&in_page_id=3#ixzz14uq9a5Nt
FTSE in-depth: Vodafone tipped for Talk talk bid
By Geoff Foster
10 November 2010, 8:16am
The mutter from the gutter suggested that the heavyweight corporate finance team at HSBC have been burning the midnight oil of late working on a potential £1.8bn, or 195p a share, cash offer for TalkTalk Telecom.
Shares of the broadband internet provider, home phone and mobile business, which was demerged from Carphone Warehouse (5.5p easier at 352.5p) in March, buzzed 6.3p higher to 140p as speculation intensified.
Vodafone, the mobile phone giant, was last night being tipped as a possible buyer of TalkTalk, the UK's second biggest broadband firm behind BT with more than 4m customers.
Chief executive Vittorio Colao yesterday pleased the market with impressive interim figures and said he wanted to create a more valuable Vodafone.
Colao sold the group's shares in China Mobile for £4.3bn in September and now has plans to sell its stake in Japan's Softbank for £3.1bn. He therefore could easily afford to swallow TalkTalk, and an offer in the region of 195p would give founder and chairman Charles Dunstone a huge windfall.
His 32.4% stake would be worth £569m, while his old mate David Ross's 16% shareholding would reap £267m.
Read more: http://www.thisismoney.co.uk/markets/article.html?in_article_id=517981&in_page_id=3#ixzz14uq9a5Nt
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Up again today another 1.4% steady rise looking good to me :)
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