*DEALWATCH: Bharti/MTN: Empire-Building Over Value-Building* * *
*NEW YORK (Dow Jones)--As market observers try to parse the byzantine structure of Bharti Airtel (532454.BY) and MTN Group Ltd.'s (MTN.JO) proposed tie-up, one thing is missing: a strong economic case in favor of a deal, whatever the structure. * * * *The proposed arrangement entails the Indian and South African wireless firms exchanging cash payments and issuing new shares. Bharti will end up with 49% of MTN, and MTN and its shareholders with 36% of Bharti. A full merger is the goal "as soon as it is practicable," Bharti said. * *Whole article from DJ published:- <http://tanmaygopal.blogspot.com/2009/05/dealwatch-bhartimtn-empire-building.html> http://tanmaygopal.blogspot.com/2009/05/dealwatch-bhartimtn-empire-building.html * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
