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   Read all the juicy details about Telefonica's Takeover bid for O2 at the Unwired


Snippet: The Offer of 200 pence per O2 Share represents a premium of approximately 22 per cent. over the middle market price of an O2 Share of 164.25 pence at the close of business on 28 October 2005, being the last dealing day before this announcement.

O2 Shareholders will be entitled to receive an interim dividend for the six months ended 30 September 2005 of 1.54 pence per O2 Share, which is expected to be paid on 2 December 2005 to the registered holders of O2 Shares at the close of business on 11
November 2005.

O2 will retain its existing brand and will continue to be based in the UK. O2's operating business will be led by the current management and Sir David Arculus and Peter Erskine will join the Board of Directors of Telefónica.

Posted on Monday, October 31, 2005 1:57 PM News | Back to top

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