LONDON (Alliance News) - Vodafone is conducting an accelerated due diligence over Spanish cable operator Ono, but a possible takeover has been complicated after Ono approved plans to list on the Madrid stock exchange next month, Dow Jones reported Thursday citing people close to the situation.
Dow Jones quoted the people saying that conversations between Ono and Vodafone will continue in parallel with Ono's plans for an initial public offering. Ono's asking price is understood to be above EUR7 billion, it quoted the people saying.
Copyright 2014 Alliance News Limited. All Rights Reserved.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.