Vodafone airtouchs bid for mannesmann executive summary. Before the takeover was closed, vodafone had formed a joint venture multi access portal or map with vivendi, the french media and telecom group, shutting. On november, 1999, the ukbased vodafone airtouch, the worlds largest mobile phone group, announced a takeover bid for the german telecommunications. Vodafone airtouchs bid for mannesmann 28 words bartleby. Vodafone airtouchs bid for mannesmann essay example. Vodafone airtouch s, mobile phone group, chief executive, chris gent, is said to have gone cool on making a hostile takeover bid for mannesmann duesseldorf, germany, engineering and telecoms group. Vodafone airtouchs bid for mannesmann case questions 1.
Vodafone airtouchs bid for mannesmann case analysis. Vodafone airtouch s chief executive chris gent may approach hutchison whampoa for their support. Vodafone airtouchs bid for mannesmann, chinese version. Apr 18, 2001 vodafone airtouchs bid for mannesmann case study solution, vodafone airtouchs bid for mannesmann case study analysis, subjects covered acquisitions international business negotiation by simi kedia source. Mannesmann ag tonight said it was recommending an improved bid for the. Vodafone poised for hostile bid london business school. The value of a company can be different for every single human being. But already speculation exists that mannesmann may seek a partner or alliance. If you continue browsing the site, you agree to the use of cookies on this website. Ending months of wrangling, mannesmann accepted vodafone airtouchs sweetened bid of 58.
Vodafone airtouchs bid for mannesmann essay sample. Apr 18, 2001 vodafone airtouchs bid for mannesmann case analysis, vodafone airtouchs bid for mannesmann case study solution, vodafone airtouchs bid for mannesmann xls file, vodafone airtouchs bid for mannesmann excel file, subjects covered acquisitions international business negotiation by simi kedia source. In november 1999, it announced a takeover bid for the german telecommunications and engineering group mannesmann ag, on the basis of an exchange of shares between. Chairman of mannesmann, bid for orange plc, a competitor of vodafone in the uk. Gprs make use of free radio capacity left by circuit switched traffic. The deal to create the worlds biggest wireless firm is likely to reshape the global. Clean sense dib310 bidet pdf bidet toilet seat store. The deal to create the world s biggest wireless firm is likely to reshape the global. Argues the bids most important consequence is that it has yet again forced re. Addresses the question of whether a pure mobile play is indeed a sensible strategy for the new millennium, but concludes it is too early for a definite answer. Feb 03, 2000 britains vodafone airtouch and germanys mannesmann are to merge. Vodafone airtouchs bid for mannesmann, in kester, ruback and tufano ed. Merger analysis of vodafone airtouch and mannesmann ag.
Vodafone s interest in mannesmann had been increased by the latter s purchase of orange, the uk mobile operator. This case analyzes the economic, financial, and business governance problems in the offer. Vodafone airtouch goes cool on mannesmann bid telecompaper. The merger of the two entities reduces the number of competing firms by one and at the same time, increases the industrial concentration. In november 1999, it 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. Vodafone is a cellular giant operating in various countries. There is no single measurecalculation who can give you. Jun 17, 2012 vodafone bid for mannesmann in 1999 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. European regulation mobile phone operator and manufacturer alliances should also. Mannesmann ag tonight said it was recommending an improved bid for the company from vodafone airtouch plc, paving the way for a. However, the teaming of orange and mannesmann scuttled plans vodafone had with mannesmanns german and italian mobile phone units and vodafone launched its own takeover bid on november 16. Download as docx, pdf, txt or read online from scribd.
Vodafone airtouchs, mobile phone group, chief executive, chris gent, is said to have gone cool on making a hostile takeover bid for mannesmann duesseldorf, germany, engineering and telecoms group. The merger between vodafone is mannesmann is considered to be a horizontal one since both companies operates within telecommunication industry. Afa meetings at philadelphia, university of zurich scheduled. First of all, one has to mention that it is always difficult to evaluate a company. Vodafone airtouchs chief executive chris gent may approach hutchison whampoa for their support. Vodafones interest in mannesmann had been increased by the latter purchase of orange, the uk mobile operator. Apr 18, 2001 vodafone s bid for germany s mannesmann was the largest ever cross border hostile bid. Vodafone airtouchs bid for mannesmannexecutive summary.
This case study of the hostile takeover of mannesmann ag by vodafone in 2000. Vodafones bid for mannesmann was the largest ever cross border hostile bet. The take over bid from the british mobile phone company led to a wide debate. Vodafone s bid for mannesmann was the largest ever cross border hostile bet. As a result, vodafones acquisition of mannesmann could put at risk their opportunity to win a bid for spectrum licensing. As chairman of the racal radio group in 1982, gerald whent had the vision and fortitude to convince the racal electronics group board that it should bid for the private sector uk cellular licence that was then being. Vodafone airtouchs bid for mannesmann case solution. Angloamerican cellular phone operator vodafone airtouch agreed monday to buy commnet cellular, a manager of mobile networks in nine western u. Chris gent would later say mannesmann s move into the uk broke a gentleman s agreement not to compete in each other s home territory. Britains vodafone airtouch and germanys mannesmann are to merge. This offer represented a significant premium to mannesmann s closing price of. Playing at serial acquisitions connecting repositories. Estimation of synergies from vodafone airtouchs acquisitions of.
Ending months of wrangling, mannesmann accepted vodafone airtouch s sweetened bid of 58. The emergence associated with the emergence of hostile bids. Firms who are free from the threat adoption of marketoriented or. What was the strategic and economic rationale for mannesmann s acquisition of orange. As of december 17, 1999, what was the market value of mannesmanns contribution to the combined firm. Vodafone airtouchs takeover of germanys mannesmann in 2000. European state company and ownership by vodafone airtouch belgium belgacom mobile proximus. Vodafone airtouchs bid for mannesmann case study solution, vodafone airtouchs bid for mannesmann case study analysis, subjects covered acquisitions international business negotiation by simi kedia source. European regulation mobile phone operator and manufacturer alliances should also have been considered. It predominantly operates services in the regions of asia, africa, europe, and oceania. In the twentieth century, mannesmanns product range grew and the company expanded into numerous sectors starting from various steel. On november, 1999, the ukbased vodafone airtouch, the worlds largest mobile phone group, announced a takeover bid for the german telecommunications and engineering group mannesmann ag on.
What was the strategic and economic rationale for mannesmanns acquisition of orange. Transcript of vodafone takeover mergers and acquisitions free. There is no single measurecalculation who can give you the valuation of a company. Table 4 a comparison of mannesmann ag and vodafone airtouch plc, march. Among mobile operator groups globally, vodafone ranked 4th behind china mobile, bharti airtel. Based on vodafones closing price on 18 november of. Vodafone on a hostile takeover december 2000 martin marinschek, student id 9803246 abstract this paper summarizes the proceedings of the largest merger in the history of the telecommunication business, including the two players vodafone and mannesmann. Vodafone bid for mannesmann was the largest crossborder hostile take over attempt. Bbc news business vodafone takeover battle heats up. Case questions vodafone vodafone airtouchs bid for.
Vodafone airtouchs bid for mannesmann first of all, one has to mention that it is always difficult to evaluate a company. Analyzing the history of the two companies, the reasons for the merger, the merger itself and the outcome of the takeover. Works council, employee share ownership, and unions 32 4. Apr 18, 2001 vodafone is a cellular giant operating in various countries. Vodafone airtouch, one of the worlds leading international mobile telecommunications companies, was considering launching a formal hostile bid for mannesmann, a german telecommunications company which is also among the largest telecommunications companies in europe. Vodafone airtouch s bid for mannesmann vodafone airtouch s bid for mannesmann harvard business school 9201096 revised on august 22, 2003. Based on vodafone s closing price on 18 november of.
When mannesmann announced their intention to buy orange, vodafone attempted to acquire mannesmann itself, but this attempt was rejected by the management. Vodafone 20% mannesmannorange 12% germany mannesmann mobilfunk d2. Vodafone airtouchs bid for mannesmann case analysis, vodafone airtouchs bid for mannesmann case study solution, vodafone airtouchs bid for mannesmann xls file, vodafone airtouchs bid for mannesmann excel file, subjects covered acquisitions international business negotiation by simi kedia source. Vodafone airtouchs bid for mannesmann, chinese version 10. Vodafone airtouch was one of the worlds leading international mobile telecommunications companies. Table of contents 1 an introduction to the case 3 1. Overseas bank from the perspectives of all interested parties, and compare it to temaseks offer. Vodafones agreed offer gives mannesmann shareholders a 49. Vodafone airtouchs bid for mannesmann case solution and. Dec 16, 2012 answer 2 bour merger arbitrage position is. This was a controversial takeover, since never before in germany had a company as large and successful as mannesmann been acquired in a hostile takeover by a nongerman owner.
You will receive access to two case study solutions. A merged vodafone, airtouch, and mannesmann would be represented. At vodafone, we have an extraordinary 23year history in pioneering mobile communications. After what began as a hostile approach by vodafone, a friendly deal. Vodafones bid for germanys mannesmann was the largest ever cross border hostile bid. This offer represented a significant premium to mannesmanns closing price of. Some reports suggest the company would consider merging its telecom operations with french conglomerate vivendi in a bid to fend off the hostile bid.
1253 46 1175 257 971 1421 688 281 97 182 1325 162 975 1159 280 1183 725 469 590 601 1262 858 214 339 956 1031 1331 1323 1299 551 842 796 738 1353