Newsgroup: it.economia.borsa
Titolo: mannesmann

qualcuno mi saprebbe dire a quanto devo vendere e se devo vendere le az.
mannesmann.
io le ho comprate a142.
grazie
mass...@tin.it

 wrote in message
80oljh$fkm$1...@nslave1.tin.it...
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Spero sui 240.250 io ho i CW...Ciao e in bocca al lupo
ventures  
November 15, 1999: 11:21 a.m. ET 
 LONDON (CNNfn) - Mannesmann chief executive Klaus Esser warned Monday
that any hostile takeover bid by Britain's Vodafone Airtouch would
seriously undermine the companies' telecom joint ventures in Germany,
Italy and France. 
     "They would be making a very, very severe mistake," Esser told
CNN International's World Business Today, reiterating his company's
rejection Sunday of Vodaphone's $107 billion takeover offer. 
     The two companies jointly own Omnitel, Italy's second largest
cellular carrier, and Germany's Mobilfunk, the third-largest cellular
operator in Europe. They also hold minority stakes in France's SFR. 
     Noting that Mannesmann shares have appreciated 800 percent over
the past four years, Esser suggested that it was unlikely Vodafone
could afford the type of premium that would gel with his company's
high-growth strategy. 
     He also asserted that he had been in close contact with his
shareholders, and had received "strong feedback" from them that they
would rather go it alone than risk a possibly detrimental takeover
offer. 
     "I realize that the best telecom portfolio Vodafone can buy is
the Mannesmann portfolio," Esser said. "However, we at Mannesmann have
another constituency -- to the Mannesmann shareholder. Our
shareholders don't want (Vodafone's combination of) low-growth and
minority participation in the United States." 
     Esser added that while "there always is a price for everything",
he doubted Vodafone would be willing or able to offer it. 
     He also poured cold water on speculation of a white knight
bidder. Several large industry members, ranging from British
Telecommunications to MCI WorldCom and Bell Atlantic, with whom
Vodafone has a joint venture, have been tipped by analysts as possible
friendly bidders. 
     "We do not talk to anybody, and we will not talk to anybody on a
white knight thing," Esser said. "We will only do things that are
value-enhancing," he added, underscoring his determination to go it
alone rather than ally with a partner deemed to be deficient. "There
is no superior fit available in a white knight environment." 
     Analysts have speculated that Vodafone could afford to pay
anywhere from 240 to 250 euros per share for the German telecom and
engineering company -- far above the 203 euros per share price that
Esser spurned Sunday after meeting in Dusseldorf with Vodafone CEO
Chris Gent. 
     Were Vodafone to launch a hostile bid for Mannesmann -- a
possibility seen as increasingly likely by analysts -- it would be the
largest unsolicited offer ever, outstripping Pfizer Inc.'s $75 billion
bid for American drug giant Warner-Lambert. 
     The mere prospect of such a bid, coming so soon after
Mannesmann's friendly $36 billion acquisition offer for Britain's
Orange, has unleashed a torrent of bid talk across Europe's quickly
deregulating mobile phone sector. 
     Mannesmann (FMMN) shares rose 7.7 percent at 199.50 euros in
Frankfurt late Monday, just off an earlier record high of 199.60
euros. Vodafone (VOD) shares slipped 0.4 percent to 295 pence as
investors feared that the British company could be poised to embark on
a costly bidding war.  
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