May 18, 2013

Vodafone share price surges on Verizon Merger speculation

The Vodafone share price surged by 6.8 percent on Wednesday on news of a merger with Verizon. The increase in Vodafone’s share price added over 22 points to the index.

Reports stemming from Bloomberg indicated that both Vodafone and Verizon have been discussing a number of options including a full merger as well as potential sale of Vodafone’s stake in Verizon.

Vodafone’s impressive surged helped limit the FTSE 100′s 4.31 point fall on Wednesday.

 

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