Vodafone (VOD) Pops After Verizon (VZ) CEO Says Wants to End Joint Venture
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Shares of Vodafone (Nasdaq: VOD) climbed on Monday after Verizon's (NYSE: VZ) CEO Lowell McAdam said the company was once again considering a buyout of its joint venture with Vodafone.
In 2000, the two firms teamed to create Verizon Wireless. For years Verizon has been considering a potential buyout of Vodafone, but previous efforts have failed, in part because of the large price tag.
McAdam's comments today came during in a Consumer Electronics Show in Las Vegas and once again open the door on a possible deal to takeover Vodafone's 45 percent stake in the venture.
Shares of Vodafone last traded at $26.59, up 2.9 percent.
In 2000, the two firms teamed to create Verizon Wireless. For years Verizon has been considering a potential buyout of Vodafone, but previous efforts have failed, in part because of the large price tag.
McAdam's comments today came during in a Consumer Electronics Show in Las Vegas and once again open the door on a possible deal to takeover Vodafone's 45 percent stake in the venture.
Shares of Vodafone last traded at $26.59, up 2.9 percent.
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