It’s back to school season, and with Vodafone finally agreeing to sell its 45% stake in Verizon Wireless, the “What I did this summer” essays are going to have to wait for City scribblers, whose homework instead is to consider the consequences of the monster windfall for the UK’s third-largest company — and its shareholders. We will too, with Owain Bennallack helped out by Fool analysts Nate Weisshaar and Mark Rogers in explaining what this $130bn deal means for you.
We also ask what action investors should take in the light of conflicts such as that unfolding in Syria and, as ever, we shove three shares into the spotlight for further consideration.
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In this podcast I erroneously said that Vodafone’s B Share Scheme would include measures that would eliminate your need to even touch Verizon shares.
Obviously I was wrong, and the B Share Scheme only determines how your gains will be recognised by the tax man.
However, in a more correct answer to Owain’s question: Vodafone has arranged with Verizon to provide shareholders with fewer than 50,000 Vodafone shares an option to sell their newly acquired Verizon shares quickly, easily, and in a cost-effective manner.
The details of this will be outlined further in a circular concerning the deal which is expected to be released in December. Until then Vodafone has provided an array of information at www.vodafone.com/investor and you may be able to have your questions answered there.
Sorry for any confusion this may have caused,