Market Overview

Vodafone Shares Spike Higher After Renewed AT&T Takeover Chatter

Related T
UPDATE: Credit Suisse Reiterates On AT&T Following Q3 Earnings
#PreMarket Primer: Thursday, October 23: Shooting At Canadian Parliament Unsettles Markets
Tech Rewind: H-P Splits, Tesla Unveils the 'D' (Fox Business)
Related VOD
Benzinga's Top #PreMarket Losers
Bank Of America Believes Vodafone Group PLC Is Likely Buyer Of Fastweb
BSkyB to Pay Fox $9B to Combine Sky Assets (Fox Business)

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.

Posted-In: News Rumors M&A Movers

 

Related Articles (T + VOD)

Around the Web, We're Loving...

Get Benzinga's Newsletters