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Vodafone investors want bigger bid or full takeover by Verizon

The six Vodafone investors say $ 100 billion is enough equity in the United States and a joint venture of Verizon Communications, and urged the latter to come up with at least $ 120 billion offer.
Their comments to Reuters said on Wednesday, Verizon has hired a consultant to prepare a possible bid of $ 10 billion U.S. dollars to buy Vodafone's 45% stake in Verizon Wireless joint venture, the possible structure of roughly 50% of each cash and stock bid.
Position of $ 10 billion U.S. dollars, six shareholders, about $ 130 million, Vodafone's shares between them, it should be said that they would prefer to push the British group, rather than a complete merger with Verizon.
Reuters contact investor's main concern is to sell Verizon Wireless - has so far been the best assets in a combination of Vodafone - will highlight the fact that the operators bear its troubled European market.
"Do not want to be too disrespectful, (Vodafone) sit together, Once you lose the assets of Verizon Wireless options are pretty ugly, said:" Ralph Brook Fox, the UK stock market Ignis Asset Management, a fund manager, Vodafone top 40 institutional shareholders.
"I think the case of merger or a general offer, although it is not about cutting-edge, in fact, ultimately more delicious transactions.
Verizon Communications Inc. earlier this month released a statement saying it has no intention to merge or offer to buy Vodafone following speculation.
Vodafone's share of Verizon Wireless on behalf of the British group adjusted to about half of the operating profit for the six months to the end of September 2012, according to its financial results.
It also received before the end of 2012 was ? 240 million dividend from Verizon Wireless stake, and that it will by 150 billion pounds, its shareholders through the repurchase of the importance of its holding group.
In its core business in Europe Vodafone business crisis combat and tightly regulated markets, such as Italy, Spain and Portugal, where revenue because of the economic turmoil and intense competitive pressures.
With this in mind, investors contacted by Reuters prefer to quote in U.S. dollars between $ 12 billion and $ 135 billion shares of acceptable. In its current share price, Vodafone's overall market capitalization of about $ 14.6 billion U.S. dollars.
A top 20 shareholders, said: "I think ...... $ 120 billion to the point where you feel you've got a decent premium," A condition of anonymity. "I think it is reasonable, if they do that, I think (Vodafone) stock up."
Vodafone and its shareholders to sell its shareholding will lead to: anywhere between $ 5 billion and $ 25 billion of potential tax bill is another big question mark.
The wide range is due to the lack of clearly held the assets owned by Vodafone - Vodafone United States assets held - those who can not say with any conviction outside the company how much tax you need in other jurisdictions be paid.
 



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