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Showing posts with the label DealBook April 25

DealBook April 25, 2013.: Verizon Said to Hire Advisers on a Bid for Wireless Stake | Bernanke's Possible Successor | Down Payments at the Heart of Mortgage Debate | Fiat's Plan for Chrysler

Thursday, April 25, 2013 TODAY'S TOP HEADLINES   BY WILLIAM ALDEN VERIZON SAID TO HIRE ADVISERS ON A BID FOR WIRELESS STAKE Verizon Communications has been vocal about its desire to buy Vodafone's portion of the Verizon Wireless venture. Now, Verizon has hired banking and legal advisers to prepare a possible $100 billion cash-and-stock bid for the 45 percent of the wireless carrier it does not own, according to Reuters , which cites two unidentified people familiar with the matter. Vodafone's shares rose in trading in London on Thursday. The latest move by Verizon is being seen as an "attempt to force Vodafone in to serious talks," the Reuters report says. Verizon, the report continues, "hopes to start discussions with Vodafone soon for a friendly agreement but is prepared to take a bid public if the British company does not engage, one of the sources added." In the beginning of April, The Financial Times's Alphaville blo