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Vodafone (NASDAQ:VOD) quickly rose as much as 7.1% in trading in London amid some vague M&A speculation.
There is some vague speculation that Vodafone (VOD) may be a takeover target and that American telecom companies are looking at the company, according to a Betaville alert. There are also rumors that one of Vodafone’s holders may be increasing it stake.
In addition Vodafone (VOD) may have received a new offer for its Italian unit, according to the report, which cited people foloowing the matter.
Late last month Iliad SA said that Vodafone (VOD) rejected a revised offer to combine the two companies’ Italian businesses. Vodafone had previously rejected an offer of over €11B for its Italian unit from an Iliad-backed consortium in 2022.