4 Tech Stock Stories to Start Another Big Trading Week
Vodafone Group Plc (NASDAQ: VOD): Closing price $36.90
Vodafone’s senior executives will collect a 56 million euros windfall when the firm finalizes the divestiture of its Verizon Wireless subsidiary in 2014. In the third-biggest transaction in corporate history, Vodafone is selling its interest in the United States’ largest mobile network to its joint venture partner, Verizon Communications, for $130 billion, or 80.4 billion euros, and has pledged to return 71 percent of the money to shareholders. The return is worth 112p per share and will be paid in a combo of cash and Verizon Communications shares, bringing significant gains for Vodafone’s top team.