Vodaphone Shareholders Want Out
Vodafone Investors Seek Verizon Wireless Spinoff
By JULIA WERDIGIER JUN. 8, 2007
New York Times
LONDON, June 7 — The Vodafone Group, the world’s largest cellphone company, said on Thursday that it had received a letter from a group of shareholders asking it to return as much as £38 billion ($75 billion) to investors in part by spinning off its stake in Verizon Wireless.
In the latest effort by minority shareholders to influence management decisions, a little-known group of investors, Efficient Capital Structures, suggested that Vodafone give its investors tracking shares representing the company’s 45 percent stake in Verizon Wireless, the American cellular carrier; increase borrowing as a way to return more money to sharehold...
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By JULIA WERDIGIER JUN. 8, 2007
New York Times
LONDON, June 7 — The Vodafone Group, the world’s largest cellphone company, said on Thursday that it had received a letter from a group of shareholders asking it to return as much as £38 billion ($75 billion) to investors in part by spinning off its stake in Verizon Wireless.
In the latest effort by minority shareholders to influence management decisions, a little-known group of investors, Efficient Capital Structures, suggested that Vodafone give its investors tracking shares representing the company’s 45 percent stake in Verizon Wireless, the American cellular carrier; increase borrowing as a way to return more money to sharehold...
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