The scariest words for UK stock investors may well be Vodafone Plans Massive Deal. In the past deca...
The scariest words for UK stock investors may well be Vodafone Plans Massive Deal. In the past decade, Vodafone Group, the world's largest mobile-telecommunications company, has spent billions on acquisitions. Shareholder wealth was destroyed on an epic scale. Now Vodafone is intent on sealing its biggest deal in years: the takeover of India's Hutchison Essar. Plenty of investors will feel nervous about that. Their pockets have been fleeced too often in the past. Yet they should allow this deal to go ahead - providing that Vodafone keeps its tendency to overpay under control. Vodafone h...
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