The iliad group announced on Wednesday that Vodafone had rejected its revised proposal to merge their respective subsidiaries in Italy.In a press release, iliad states that the British telecoms giant.
[iliad press release] Vodafone fails to accept revised iliad Group s proposal to merge Italian businesses
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French telecommunications group Iliad said Wednesday that Vodafone had turned down its proposal to merge the two companies' Italian subsidiaries. In December Iliad proposed creating a 50/50 joint venture in a offer that valued Vodafone Italia at 10. (ANSA)
British telecommunications giant Vodafone Group Plc turned down a revised merger proposal from French telecommunications company Iliad for the Italian subsidiaries Iliad Italia and Vodafone Italia, Iliad SA announced on Wednesday. Iliad SA had made a merger proposal to Vodafone on December 18. The terms of the revised merger proposal included a 50/50 merger through the creation of NewCo, and Vodafone to get cash proceeds of €6.6 billion ($7.14 billion) and €2 billion in a shareholder loan. Illia