The parenthesis that could lead to the sensational marriage between Iliad and Vodafone, or rather the acquisition of Vodafone by Iliad, did not last long. The takeover offer made by Iliad SA was followed by the refusal of Vodafone.
Iliad reacted as expected: the operator took note of the refusal of the offer of 11.25 billions of euros for the acquisition of Vodafone Italia, issuing an official note. In addition to this, Iliad Group was obliged to specify some concepts relating to the offer made to Vodafone:
- According to Iliad Group the offer gave a very high value to Vodafone Italia.
- The offer provided for a full payment “ cash “.
- It benefited from strong financial support from one of the top 3 European banks for the full amount as well as from a financial partner.
- Complied with the will of Vodafone management for consolidation in Italy.
- It was structured in the best possible way interest for the shareholders of Vodafone Italia.
The note released by the Iliad group specifies that the operator will continue its independent market strategy in Italy , a sign of definitive closure of the matter.
Via: Mondomobileweb, Mondo3
