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VODAFONE SHAREHOLDERS DIFFER ON HUTCH-ESSAR BID.
LONDON, Jan 1 Asia Pulse - British telecoms giant Vodafone's plans to acquire India's fourth-largest mobile operator Hutch-Essar has received mixed reactions from some of its key shareholders, with a few of them raising concern over the high valuation of the deal, media reports said.
Fears were mounting among some shareholders that Vodafone would be forced to overpay in a much-hyped bidding war that is going on between various suitors from across the world, the reports said, without naming any disgruntled shareholder.
When contacted, a spokesperson for Vodafone declined to comment on whether an auction-like bidding war was inflating the valuation of the target company.
The official also declined to comment on whether it had sought or planned to seek support of its shareholders for the intended acquisition.
The world's largest mobile player ...
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