Market Overview

Vodafone Shares Spike Higher After Renewed AT&T Takeover Chatter

Share:
Related T
The Most Popular Stocks Held By 4 Different Generations Of Investors
Trefis Says AT&T's DirecTV Plan Will Get Regulatory Clearance
AT&T looks to fill gaps with more 700 MHz spectrum (Seeking Alpha)
Related VOD
Benzinga's Top Upgrades
Nomura Upgrades Vodafone Group To Neutral
Vodafone up as Goldman says it may be an asset seller (Seeking Alpha)

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