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The Major Events
Member rating: No Rating | Words: | Submitted: Mon Jun 06 2005
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THE MAJOR EVENTS The graphs below summarise the fluctuations in the share price and shareholders' returns of Vodafone group, as a result of two major events which occurred in mid February, 2004 and mid November of the same year. Percentage change Absolute share price Fig 1 Percentage change Absolute share price Fig 2 Fig 3 On the 22nd 0f January 2004, AT&T Wireless, the third largest mobile phone group in the US, put itself up for sale but as shown above in Fig1, this does not seem to have affected the share price or volume of trading as there was no significant upward or downward trend in these two areas. This can lead to an assumption that the market is inefficient as it did not respond to the information or that investors were not expecting Vodafone to bid for AT&T Wireless because Mr Sarin had told investors and analysts that he was "happy" with Vodafone's joint...
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