Confusion reigns over Mannesmann bid
Just how are much is Vodafone offering Herr Esser?
Posted in Business, 29th November 1999 12:26 GMT
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Far from the political shenanigans circling the hostile takeover bid by Vodafone of Mannesmann, another bout of confusion has appeared: just how much is the all-share offer worth? Admittedly, Mannesmann CEO Klaus Esser doesn't give a monkeys over the extent of the deal -- he'd much rather just keep his job -- but the variation in bids across the business press does put a question mark over their mathematical abilities. The following were taken from today's (29 November) stories. Any non-sterling amounts have been converted using an online currency converter and placed in brackets after the sum. Starting with the lowest:
- The Telegraph: £77bn
- BBC: $125bn (£78bn)
- Daily Mail: £79bn
- The Guardian: £79bn
- The Times: £79bn
- Reuters: 129 billion euros (£81bn)
- CMP's TechWeb: $134bn (£84bn)
- Bloomberg: $146bn (£91bn)
- Financial Times: Euro 253 a share (smart arses)

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