NTL Expected to Make Another Offer on Virgin Mobile

2:05 am on January 2, 2006 | Category: Business

business/virgin.jpg

Sources indicate that British cable giant, NTL is likely to make another offer to purchase Virgin Mobile in the near future.

The new offer will probably be around £3.60/share, only about 10% higher than the previously rejected bid of £3.23. So far, it is unclear whether Virgin Mobile’s board or independent directors would be open to such an offer. The directors are reportedly hoping for a figure of about £4.00/share, but a compromise hasn’t been altogether ruled out.

If an offer is indeed in the works, it could likely be tabled as early as next week, according to the Sunday Times newspaper.

Related Articles:

    None Found

    No Comments yet »

    RSS feed for comments on this post.

    Leave a comment

    XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


    Published by TeleClick Enterprises
    Edited by Jeremy Maddock