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Originally Posted by chandleo
Just in from Digitalspy:
Virgin Mobile reject's NTL's offer
Virgin Mobile's board unanimously rejected a takeover bid from NTL on Wednesday, saying that NTL's offer of 323p per Virgin Mobile share "materially undervalues" the company.
Virgin Mobile's shares soared to 356p each on Monday after the NTL offer was unveiled; they have since dropped back to 345.5p, but the difference between that price and NTL's offer price clearly influenced the board's decision.
Shares in NTL dropped slightly in the US on Wednesday, closing at $62.44.
Source: http://www.digitalspy.co.uk/article/ds27063.html
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You aint stealing my thunder boyo.
for once i got something before anyone else on here
BTW it was posted on DS page 10 hours ago