LONDON (Alliance News) - Vodafone Group PLC Tuesday said two of its directors bought shares at 209.05 pence each on Monday as talks over a proposed merger with US cable company Liberty Global PLC fell through after months of deliberating.
The company said Chief Executive Officer Vittorio Colao bought 260,000 shares and now holds 10.9 million shares. In addition Chief Financial Officer Nick Read bought 180,000 shares and has a resulting interest in 2 million shares. The two deals were worth GBP919,820.
Vodafone had confirmed talks with Liberty Global in early June over a potential exchange of some assets between the two. Earlier this month Bloomberg reported that Liberty Global's owner John Malone indicated that a deal between his company and Vodafone looked unlikely, saying that there had not yet been a structure proposed for a deal that he would take to his shareholders.
Shares in the mobile communications company were up 0.1% at 207.45p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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Vodafone (VOD)