Vodafone has dropped more than 2% following reports it has been unable to agree an asset swap deal with US group Liberty Global so far after months of talks.
The comment comes from Liberty chairman John Malone, as reported by Bloomberg and has sent Vodafone shares down 5p to 216.35p.
The two companies said in June they were in discussions about the possibility of swapping various assets. But Malone told Bloomberg:
Conceptually there could be some real value created but realistically we haven’t been able to figure out a way to do that that’s mutually successful. That doesn’t mean that we won’t find a solution, nor does it imply that we will.
Still with takeover speculation, Thomas Cook has climbed 2.1p to 116.2p on talk that Chinese conglomerate Fosun, which already owns a stake in the travel group, could make an offer for the whole company.
