Mobile phone giant vodafone airtouch today outlined its plans for a merger with germany's mannesmann, promising to create a world leading company with 42 million customers. Vodafone mannesmann case mannesmann vodafone €234 £311 (€49569)number of sharesif 537 vodafone shares = 1 mannesmann share from a merger arbitrage . Learn about some of the most noteworthy hostile takeovers in history, including the kkr acquisition of rjr nabisco and the vodafone takeover of mannesmann.
Vodafone airtouch finds an ally in its take-over battle for mannesmann, linking up with french conglomerate vivendi for internet and telecom ventures. Mannesmann vs vodafone uploaded by sittia essential information necessary to understand why the merger between mannesmann and vodafone could happen drive and . But the takeover of mannesmann by vodafone between november 1999 and february 2000 represents a germany had relatively low merger activity compared to other .
The management of mannesmann immediately rejected the offer because as vodafone was mainly a mobile network company, mannesmann was much more diversified with revenues coming from four main business divisions: engineering (35%), automotive (29%), telecommunications (24%) and tubes (12%). English/nat consumer groups in britain have warned that the merger of telecommunication giants vodafone and mannesmann could have a monopoly effect within th. On 3 february 2000, the management boards of the uk-based mobile phone group vodafone airtouch and the german telecommunications and engineering group mannesmann ag reached an agreement on terms for a recommended merger  which brought a three-month takeover battle to an end. Chris gent, ceo of vodafone, and a number of high-ranking executives in vodafone and mannesmann (the german company bought out by voadfone in november 1999) are under investigation by the german .
Gent was responsible for transforming vodafone from a small uk operator into the global operator, through the merger with the american airtouch and the takeover of germany's mannesmann  arun sarin was the driving force behind the company's move into emerging markets such as asia and africa, through the purchases such as that of turkish . Talks between the mannesmann and vodafone camps, outside the rare direct meetings between esser and gent, had been handled mainly by each side's principal adviser: becker of morgan stanley, and goldman's scott mead. In february 2000 at the height of millennial dotcom madness, the agreed merger of vodafone airtouch and mannesmann created a telecoms giant the £112bn all-share deal to acquire mannesmann turned .
The merger of vodafone airtouch and mannesmann is a combination of two highly successful companies and management teams that will create one of the world's leading telecommunications groups the merger will be based on the principles of mutual respect and cooperation. We have agreed between us that vodafone airtouch will be making a revised proposal to mannesmann shareholders, mr gent said the announcement came four days before the close of vodafone's hostile takeover bid for mannesmann. On 13 november 1999, the uk-based vodafone airtouch, the world's largest mobile phone group, announced a takeover bid for the german telecommunications and engineering group mannesmann ag, on the basis of an exchange of shares between the two corporations.
Vodafone airtouch submits that it is inappropriate to subdivide the mobile telecommunication services market between mobile network operation and the distribution of mobile telecommunication services. Between them, vodafone and mannesmann have set aside euro850m for the fight, the lingering gap between mannesmann's share price and the offer price aol’s merger with time warner . Compare the price: mannesmann and vodafone mannesmann shares were worth 143 € at the time of the proposed merger between mannesmann and vodafone, with a volume of 494 mio shares on the market which sums up to a market capitalization of around 70 bio.
M annesmann and v odafone “the largest merger in the history of the telecommunication business” compiled by : prayogo teguh student reg number : 041113020 an introduction to the case this chapter will tell about the essential information necessary to understand why the merger between mannesmann and vodafone could happen, and why a company like mannesmann, one of the fastest growing german . The merger between vodafone and mannesmann in february 2000 is the largest in history uk-based vodafone airtouch plc, now known as vodafone group plc, acquired the german company despite resistance from the majority of germans. Timeline and description of the vodafone mannesmann merger with a special focus on the cultural differences between the companies.