Summary
VIRGIN MOBILE today confirmed a takeover approach from cable giant NTL in a move which could create a major competitor to Rupert Murdoch's BSkyB.
Though the bid has the backing of 72% shareholder Sir Richard Branson, the mobile company's board insists it will be "mindful of its duty to maximise value for all shareholders".See the full content of this document
Extract
Branson Backs Ntl Bid for Virgin Mobile
So NTL's 323p-a-share cash or share offer now sets a clear marker for any rival bidders.
NTL chief exec...See the full content of this document
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