Vodafone shares plunge after AT&T says wont make offer - TopicsExpress

Vodafone shares plunge after AT&T says wont make offer Vodafones (VOD) shares have slumped 6.4% in London after AT&T (T) said it has no intention of making an offer for the U.K. telecom operator. AT&T made a statement to the London Stock Exchange in response to a request from the the U.K.s Takeover Panel following much speculation that the U.S. provider was interested in Vodafone after the latter agreed to sell its 45% stake in Verizon Wireless to Verizon for $130B last year. The statement means that AT&T cant make an offer for Vodafone for the next six months unless the British company agrees to it, another firm makes a proposal, or the authorities decide that circumstances have changed materially. (PR) (Seekingalpha)

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