Telefonica buys UK's O2 for £18bn

Speculator

Mobile phone group O2 has agreed a takeover offer from Spanish telecom company Telefonica.
Telefonica is to pay £17.7bn ($31.6bn) for the firm in order to get a foothold in two of Europe's largest mobile phone markets - the UK and Germany.

Under the cash deal, Telefonica will pay 200 pence per share, a 22% premium on Friday's closing price of 164.25p.

http://news.bbc.co.uk/1/hi/business/4391754.stm

monkeydust_2

very good news - was long since 130 - so made around 70 points (gross) and was leveraged thanks to the power of spreadbetting..

deemy2004

monkeydust wrote:

very good news - was long since 130 - so made around 70 points (gross) and was leveraged thanks to the power of spreadbetting..

Your supposed to post a position BEFORE the move ...

monkeydust_2

lol ..indeed ..shall i dump my entire portfolio here i wonder. BTW was looking at Lean Hogs - yes Pigs to you and me, seasonal trends suggest upturn from Dec-Jan PLUS we can now consider a substitution of deman effect away from chicken ..