Deals
AT&T Gives Up Right to Bid for Vodafone Within Six Months
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AT&T Inc., responding to speculation over a possible takeover bid for Vodafone Group Plc, said it doesn’t plan to make an offer for the U.K. wireless carrier. Vodafone shares fell the most in four months in London trading.
The statement means AT&T can’t offer to buy Vodafone or a stake of 30 percent or more in the company for the next six months, according to U.K. takeover rules. AT&T said it made the announcement today at the request of the U.K. takeover panel.