Vodafone shares fall after Verizon denies bid report

Vodafone Group shares fell from a five-year high after Verizon Communications said it isn’t considering a bid, denying a report that it was discussing a joint offer for the British carrier with AT&T.

3rd April, 2013
Vodafone rose as much as 6.1 per cent yesterday after the Financial Times blog reported that AT&T and Verizon were considering a joint offer.

Vodafone Group shares fell from a five-year high after Verizon Communications said it isn’t considering a bid, denying a report that it was discussing a joint offer for the British carrier with AT&T.

Verizon said yesterday it doesn’t have any intention “to merge with or make an offer for Vodafone, whether alone or in conjunction with others.” Vodafone fell as much as 3.7 per cent, and lost 2.5 per cent to...

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