Business Services Industry
Orange Poised to Leave Stock Market Stage as France Telecom Marches In.
Knight Ridder/Tribune Business News, September, 2003
By Richard Inder, Daily Mail, London Knight Ridder/Tribune Business News
Sep. 2--Orange is poised to end its second run on the stock market after its parent France Telecom made a UKpound 4.8 billion bid for the outstanding 14 percent slice of the mobile group.
Orange's shares jumped 90 pence to 672 1/2 pence, slightly ahead of FTel's offer of 11 of its own shares for 25 Orange shares. This is just 32.5 pence higher than Orange's float price in 2001. European investors in Orange, who get no benefit from the recent fall in sterling, are just five euro cents better off.
In Paris, FTel's shares fell 37 pence to UKpound 15.58.
The deal, due to close in October, will bring to an end nine tumultuous years during which the group was...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express