Vodafone Investors Split On Best Use Of Verizon Windfall

wochit business
August 30, 2013 AT 4:52 AM
Top investors in Vodafone Group are set to clash over what the company should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless, which is expected to be announced imminently. Vodafone shareholders contacted by Reuters as talks continued between the British firm and Verizon Communications were split between those wanting to see the cash returned as dividends and those wanting the firm to invest it. ...