Saturday, August 31, 2013

Advisers for $VOD & $VX don't sleep

Advisers for $VOD & $VX don't sleep

Advisers to Vodafone Group Plc (VOD) and Verizon Communications Inc. (VZ) won’t be getting much rest this Labor Day weekend as they push to put the finishing touches on the largest deal in more than a decade.
An agreement that would see Verizon buy Vodafone out of their U.S. wireless venture for as much as $130 billion could be announced as soon as Sept. 2, according to people with knowledge of the plans, who asked not to be identified discussing confidential deliberations. Last-minute details are being worked out by banks including UBS AG and Goldman Sachs Group Inc.

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