|
COPYRIGHT 2001 Evening Standard
Byline: Michael Clark
Nov. 14--The buyers came pouring back in for British Telecom today ahead of Monday's demerger of mobile phones arm mm02.
In heavy trading, they pushed the price 18 pence higher to 338 1/2 pence as more than 40 million shares changed hands. On the grey market, mm02 rose 4 1/2 pence to 80 1/2 pence while what will become the rump of the business, BT Group, rose 10 pence to 258 pence on a when-issued basis.
Because of its size, mm02, with a price tag of UKpound 6.1 billion, will automatically become a constituent of the Footsie 100. It just remains to see...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
