Financial Accounting Blog

Tuesday, February 17, 2004

Yahoo reports that Cingular buys AT&T Wireless for $41bn, beating out Vodaphone. This makes Cingular the largest wireless company in the US. The part I found most interesting was this:

The $41 billion bid, worth $15 per share, was the largest all-cash offer in history, according to merger and acquisition research firm Dealogic