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Vodafone entered the fray on January 7 with a bid of round $fifty five billion, or $89 per share. Negotiations continued for the following a number of days till, on January 15, Vodafone agreed to pay $ninety seven per share, for a complete of $sixty two billion. That worth was 33% more than Bell Atlantic’s original offer and forty three% more than AirTouch’s share price earlier than the first rumors of Bell Atlantic’s supply had surfaced. Implicit in the bid4paper deal was the truth that for its shareholders to break even, Vodafone must find value savings and revenue mills worth at least $20 billion. But the market liked this deal very a lot. Through the course of this bidding battle, Vodafone’s stock worth really increased some 14%.
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