Europe's markets are dominated by David-and-Goliath battles right now. And the smart money should be...
Europe's markets are dominated by David-and-Goliath battles right now. And the smart money should be on the Davids. Vodafone Group is the latest example as Efficient Capital Structures, a vehicle formed by three market veterans, aims to force a strategy change at the world's largest mobile- phone company. Efficient Capital, which holds 210,000 Vodafone shares with a total value of about £332,000, plans to change the direction of a company valued at more than £80bn by boosting the return to investors through more leverage on its balance sheet. The company dismissed the proposals and said t...
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