Vodafone Shares Spike Higher After Renewed AT&T Takeover Chatter
Shares of Vodafone (NYSE: VOD) finished the trading session on an upbeat note Wednesday afternoon, pushing from $36.50 around 11PM EST to close up in the positive territory at $37.31.
Shareholders in Vodafone were responding to a potential rumor from Bloomberg AT&T (NYSE: T) remains interested in a potential acquisition. The rumor follows (and clearly goes against) a public announcement from AT&T on January 27 confirming "it does not intend to make an offer for Vodafone." Moving back even further, remember AT&T had a $39 billion offer for T-mobile USA rejected by regulators in 2011. Vodafone shares were near a 52-week high of $39.44 and are trading down 0.54 percent premarket to $37.11. The stock had been trading down as much as 1.6 percent earlier on Wednesday, but ended the session up about 0.4 percent following the rumor. Shares hit a mid-day high at $37.90.
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