4 Merger and Acquisitions Stock Stories Ready for Tuesday Due Diligence
Vodafone Group Plc (NASDAQ:VOD): Current price $34.91
A knowledgeable source says that Vodafone is mulling over buying out the minority shareholders of its Indian division and might initiate discussions to that effect in the coming weeks. Vodafone currently has a 64.4 percent interest in Vodafone India Ltd., and so far has not decided how much it wants to spend, nor has it sought a nod from the foreign investment regulator for a purchase, according to the source. In 2011, a sale of a minority stake to Piramal Healthcare Ltd. valued the business in excess of $11 billion.