Trading Fever Grips the Market After Half-Term ; Market Report
Daily Mail › November 01, 2005
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Summary
ANYONE hoping for a quiet first day back at work yesterday, after last week's half-term break, was sorely disappointed. Takeover fever gripped the City, sparking a frenetic day's trading.
Almost 685m O2 shares changed hands after the UK mobile phone company announced a cash takeover by Telefonica of Spain. At 200p a share, Telefonica's bid looks toppy, prompting some analysts to conclude counteroffers are unlikely.See the full content of this document
Extract
Trading Fever Grips the Market After Half-Term ; Market Report
Even so, dealing rooms were buzzing with talk of rival bids. Deutsche Telekom of Germany, Italian telecoms group Wind, and Japan's DoCoMo were all mooted as potential deal-wreckers.
The shares ended up ...See the full content of this document
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