When Britain’s Vodafone AirTouch PLC acquired German industrial conglomerate Mannesmann AG in 2000, the cross-border transaction was the largest merger in history, valued at more than US$190 billion.
Vodafone, Mannesmann Set Takeover At $180.95 Billion After Long Struggle. LONDON — After a bitter three-month battle, Germany’s Mannesmann AG surrendered to Britain’s Vodafone AirTouch PLC in a friendly $180.95 billion merger, the biggest deal ever and one likely to reshape the global-telecommunications landscape.
LONDON — After a bitter three-month battle, Germany’s Mannesmann AG surrendered to Britain’s Vodafone AirTouch PLC in a friendly $180.95 billion merger, the biggest deal ever and one likely to reshape the global-telecommunications landscape.
At that time, it was decided by Mannesmann’s chairman, Mr Klaus Esser, and Vodafone chief executive, Mr Chris Ghent that Vodafone and Mannesmann would hold 50.5% and 49.5% respectively, of the merged company.
Are Vodafone and Mannesmann still together?
Vodafone is now offering u20ac350 (£276) a share for the German conglomerate. Mr Gent said Vodafone would have 50.5 per cent of the new company and Mannesmann 49.5 per cent. Under the terms of the offer, Mannesmann shareholders will receive 58.96 shares in the new company for each Mannesmann share they own.
Was Vodafone and Mannesmann merger successful?
It’s been 10 years since British mobile operator Vodafone successfully acquired the German firm Mannesmann in a hostile takeover worth billions.
Why did Vodafone and Mannesmann merger?
The acquisition of Mannesmann was aimed to consolidate Vodafone AirTouch’s position in Europe. With the union, Vodafone and Mannesmann had controlling stakes in ten European markets thereby giving the merged entity the most extensive European coverage for any wireless carrier.
Why did Vodafone and Mannesmann fail?
Mannesmann’s share price was temporarily squeezed by its premium bid for Orange, but as time passed and the German group’s valuation rose, Vodafone would forfeit its European ambitions. It would be stuck as a minority-participation investment trust in all major markets but the UK.
What type of merger was Vodafone and Mannesmann?
It was one of the biggest horizontal mergers in telecommunication history. As a result of the merger, Vodafone and Mannesmann had controlling stakes in ten European markets. The acquisition gave the merged entity the most extensive wireless coverage in the European market.
How did Mannesmann merge Vodafone?
On 13 November 1999, the UK-based Vodafone AirTouch, the world’s largest mobile phone group, announced a takeover bid for the German telecommunications and engineering group Mannesmann AG, on the basis of an exchange of shares between the two corporations.
Was the Vodafone Mannesmann merger successful?
It’s been 10 years since British mobile operator Vodafone successfully acquired the German firm Mannesmann in a hostile takeover worth billions.
Why did Vodafone take over Mannesmann?
It’s clear why Vodafone conquered Mannesmann. Vodafone won because it paid to win, using its powerful stock. Its shareholders supported its share price and thereby its bid because they believed its story: that big is best in the globalizing telecoms game. And they feared failure might burst the telecoms bubble.
How did Vodafone pay for Mannesmann?
On February 3, 2000, Mannesmann board of directors accepted Vodafone’s offer. Each Mannesmann shareholder received 58.964 Vodafone shares which gave them 49.5% stake in the new company. Vodafone AirTouch offer of u20ac353 per share valued Mannesmann approximately $180 billion.
Why did the German government and public resist the acquisition of Mannesmann by Vodafone in late 1999?
German trade unions and the Mannesmann works councils strongly rejected Vodafone’s bid, in order to defend the German culture of corporate governance which is based on strong employee involvement and co-determination.
When did Vodafone merge with Mannesmann?
On February 4, 2000, Britain’s Vodafone AirTouch PLC acquires Mannesmann AG in a historic deal that will reshape the mobile telecom marketplace.
What did Mannesmann do?
In 1886, the German brothers Reinhard (1856–1922) and Max Mannesmann (1857–1915) received the world’s first patent for their invention of a process for rolling seamless steel pipes (Mannesmann process).
More Answers On Did Vodafone Take Over Mannesmann
Mannesmann: The mother of all takeovers | Business – DW.COM
It’s been 10 years since British mobile operator Vodafone successfully acquired the German firm Mannesmann in a hostile takeover worth billions. But how did Vodafone end up on top? Mannesmann…
What did the Mannesmann Group look like before the Vodafone take-over …
What did the Mannesmann Group look like before the Vodafone take-over? Under the management of Mannesmann AG, Mannesmann was a highly diversified group of companies operating successfully around the globe. It had 130,860 employees* generating sales of some 23,265 million euros* in its Engineering, Automotive, Telecommunications and Tubes sectors.
Revisiting the Past: Vodafone-Mannesmann Takeover – GuruFocus
Vodafone management meanwhile came up with a different deal which appealed directly to the shareholders of Mannesmann. The deal was to exchange each share of Mannesmann for 58.964 Vodafone shares. It valued Mannesmann at £117 billion ($191 billion). This was the largest deal in corporate history so far.
Largest merger in history : Vodafone-Mannesmann – iPleaders
Apr 30, 2021Vodafone’s takeover of Mannesmann was initially triggered by Mannesmann’s surprise agreement to acquire orange. Vodafone’s chase for Mannesmann On October 22, 1999, Vodafone sought advice from the investment banks Goldman Sachs and Warburg Dillon regarding investment opportunities in Mannesmann.
Vodafone Acquisition of Mannesmann – SpringerLink
On November 13, 1999, the UK-based Vodafone AirTouch, the world’s largest mobile phone group, announced a takeover bid for the German telecommunications and engineering group Mannesmann AG on the basis of an exchange of shares between the two companies. This offer was the largest unsolicited takeover bid at that time.
What happened to the Mannesmann Group after the Vodafone take-over …
What happened to the Mannesmann Group after the Vodafone take-over? The Vodafone Group integrated Mannesmann AG and the activities of its Telecommunications sector into its own organisation. The last General Meeting of Mannesmann AG shareholders took place on 22.8.2001.
Vodafone Acquires Mannesmann in the Largest Acquisition in History
On February 4, 2000, Britain’s Vodafone AirTouch PLC acquires Mannesmann AG in a historic deal that will reshape the mobile telecom marketplace. When Britain’s Vodafone AirTouch PLC acquired German industrial conglomerate Mannesmann AG in 2000, the cross-border transaction was the largest merger in history, valued at more than US$190 billion.
Questions being asked over Vodafone’s €185 billion takeover of Mannesmann
Now attention is turning to the biggest of them all – Vodafone’s £113 billion sterling (€185 billion) takeover of Mannesmann. This had looked smart compared with deals struck by rivals such as…
Vodafone, Mannesmann Set Takeover At $180.95 Billion After Long … – WSJ
Feb. 4, 2000 9:25 am ET Print Text LONDON — After a bitter three-month battle, Germany’s Mannesmann AG surrendered to Britain’s Vodafone AirTouch PLC in a friendly $180.95 billion merger, the…
Mannesmann Finally Succumbs to Vodafone – CSO Online
The takeover drama began in November 1999, when Mannesmann acquired the UK wireless company Orange, breaking a “gentlemen’s agreement” between Mannesmann and Vodafone AirTouch not to compete in…
Why did the German government and public resist the acquisition … – Quora
Answer: Mannesmann was an old rust belt company until Klaus Esser took the reins. It had inadvertently become involved in mobile communications when AirTouch International chose it as the local partner for the D-2 licence bid in Germany. That bid was successful and so was the business itself, so …
Vodafone’s takeover of Mannesmann: The bid that couldn’t fail – Euromoney
It’s clear why Vodafone conquered Mannesmann. Vodafone won because it paid to win, using its powerful stock. Its shareholders supported its share price and thereby its bid because they believed its story: that big is best in the globalizing telecoms game. And they feared failure might burst the telecoms bubble.
Mannesmann – Acquisition By Vodafone | Acquisition Vodafone – LiquiSearch
Acquisition By Vodafone. Mannesmann was acquired by Vodafone Group Plc. in 2000 in a tax-free stock exchange of 53.7 Vodafone shares for each share of Mannesmann. This was a controversial takeover as never before in Germany had a large company been acquired by a foreign owner. This was a hostile takeover but the merger was backed in a private …
BUSINESS | Vodafone seals Mannesmann deal – BBC News
Vodafone AirTouch has finally succeeded in taking control of Mannesmann after last-minute concessions overcame the objections of the German group’s board. The deal announced on Thursday got the…
Vodafone’s hostile takeover bid for Mannesmann highlights … – Eurofound
On 13 November 1999, the UK -based Vodafone AirTouch, the world’s largest mobile phone group, announced a takeover bid for the German telecommunications and engineering group Mannesmann AG, on the basis of an exchange of shares between the two corporations.
Merger between Vodfone and Mannesmann – UKEssays.com
The merger between Vodafone is Mannesmann is considered to be a horizontal one since both companies operates within telecommunication industry. The merger of the two entities reduces the number of competing firms by one and at the same time, increases the industrial concentration. In theory, a reduction in number of firms competing reduces …
Vodafone: Take-over of Mannesmann – The Case Centre
This case considers the events surrounding the £115 billion take-over of Mannesmann AG of Germany by UK based mobile phone giant Vodafone Airtouch plc in February 2000. This was the biggest ever hostile acquisition and the first successful hostile cross-border bid for a German company.
Vodafone Hits Mannesmann Hard | WIRED
Vodafone and Mannesmann’s shares clawed back from recent losses to trade over 4.7 and 5.3 percent higher at 300-1/2p and 236.90 euros respectively, helped by an upgrade to “strong buy” on both…
Vodafone nears Mannesmann deal | Business | The Guardian
Nov 15, 1999Vodafone’s audacious move was prompted by Mannesmann’s £20bn takeover of the UK’s Orange mobile network, which is Britain’s third largest operator. Mannesmann is Germany’s biggest mobile phone…
Vodafone Acquisition of Mannesmann: Integrated Case Studies
Vodafone plunged into massive losses after one-off costs of more than £23.5 billion connected to the Mannesmann deal. During the merger period, Vodafone was in a superior financial position …
Vodafone and Mannesmann – Careerz360
However, before these plans could materialize, a historic takeover battle lasting several months ended with the acquisition of Mannesmann by the British mobile phone company Vodafone in 2000. On 4 February 2000 Mannesmann’s supervisory board eventually agreed to a takeover price of 190 billion €, which was the largest takeover price ever paid …
If Mannesmann had bought Vodafone | Business | The Guardian
Aug 21, 2001Suspicion remains over the £20m golden kiss-off received by former Mannesmann boss Klaus Esser, the sub-texted allegation being that he somehow handed over control of Germany’s premier mobile …
Mannesmann agrees to $192B Vodafone merger | Computerworld
Calling it the “will of a majority of its shareholders,” Mannesmann AG tonight agreed to a friendly takeover offer from Vodafone AirTouch PLC. Ending months of wrangling, Mannesmann accepted…
Mannesmann Rejects Vodafone | WIRED
Earlier Monday, Vodafone, the world’s biggest cell phone group, said it would give Mannesmann shareholders 46 days to accept a record hostile takeover of 135 euros ($US136.2 billion) — and would…
Introduction benefits, how amalgamation impacts upon consumers and/or …
Therefore, rival houses may put in Research and Development ( R & A ; D ) in making an advanced communicative engineering or web system that gives it a competitory border over Vodafone/Mannesmann bing resources. This encourages a advanced competitory that benefits society as a whole. Manufacturers gain as it may develop thoughts to increase …
Vodafone bid for Mannesmann set for EU approval – POLITICO
Vodafone said its offer, which came two months after Mannesmann paid more than 29 billion euro for control of Vodafone’s UK rival Orange, did not depend on the planned take-over coming through the regulatory process unscathed.
Vodafone aims to banish ghosts of acquisitions past – Financial Times
The game-changer was Vodafone’s $183bn takeover of Mannesmann of Germany at the height of the telecom boom in 2000 – which still marks the biggest hostile, cross-border bid in history.
Vodafone – Wikipedia
Die Vodafone GmbH ist ein deutsches Tochterunternehmen der britischen Mobilfunkgesellschaft Vodafone Group.Sie bietet in Deutschland Mobilfunk, DSL, Kabelinternet, Festnetztelefonie, Kabelfernsehen und IPTV an. Vodafone gehört mit über 57,2 Mio. geschalteten SIM-Karten im 4. Quartal 2020 zu einem der größten Mobilfunkanbieter nach Anschlusszahlen in Deutschland zusammen mit der Telekom …
Mannesmann Finally Succumbs to Vodafone – CSO Online
This represents an improved exchange ratio of 58.96 Vodafone ordinary shares for every one Mannesmann ordinary share, an increase of 5% over the current Vodafone offer of 53.7 shares for each …
Merger between Vodfone and Mannesmann – UKEssays.com
The merger between Vodafone is Mannesmann is considered to be a horizontal one since both companies operates within telecommunication industry. The merger of the two entities reduces the number of competing firms by one and at the same time, increases the industrial concentration. In theory, a reduction in number of firms competing reduces …
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