any consensis re price movement on monday after board rejected offer outright
are they looking for better options

Telefonica moves in for O2

MoneyAM

Spanish telecom giant Telefonica said it has agreed a 17.7bn cash bid for UK mobile operator 02.

This is a move to help Telefonica expand into the UK and German markets.

Telefonica said the 200p per share offer for 02 will create cost synergies of 293m (199m) by 2008, adding that it will retain the 02 brand.

The offer represents a premium of approximately 22% over the middle market price of an O2 share on the close of October 28th, the last day before the deal was announced, the companies said.

Telefonica chairman Cesar Alierta said: '[02's] integration in the Telefonica group will enhance our growth profile, it will allow us to gain economies of scale, it will open the group to the two largest European markets with sizeable critical mass and it will balance our exposure across business and regions.'

.....Yeeees!

has anyone got an XDA Exec, need some info on it, if you have one

Hi all, could anyone tell an ameture what the next move is with this take over.
Is everyone taking the 2 a share offer, the loan notes or doing nothing for the moment? would be gratefull for any info.

Take the money.

02 to offer customers shares in 10 Billion re-float.