Virgin Mobile rejects NTL offer
Sir Richard interview
Virgin Mobile's board has rejected an £817m ($1.4bn) bid from cable operator NTL, despite the deal being backed by major shareholder Sir Richard Branson.
The company, 72%-owned by Sir Richard, opposed the offer on the grounds that it undervalued the business.
source/full story: news.bbc.co.uk/1/hi/business/4509088.stm
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