NTL Ready To Up Bid For Virgin Mobile

The NTL buyout of Virgin Mobile UK continues…the minority shareholders want 400p per share but that has been described as “dreamland”, NTL plans to offer between 365p and 370p per share. Sir Richard Branson is looking to swap his 72 per cent in Virgin Mobile for a 14 per cent stake in the enlarged business.
Related stories:
Stakes Upped In NTL/Virgin Mobile Bid Talks
Branson Ready To Break Virgin Mobile/NTL Stalemate

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