Deals
Vodafone Surges on Report Activist Elliott Took Stake in Carrier
- Shares rise most intraday in almost six months in London
- Incoming Vodafone CEO faces stiff rivalry in southern Europe
Photographer: Chris Ratcliffe/Bloomberg
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Vodafone Group Plc rose the most in almost six months after DealReporter said U.S. activist investor Elliott Management Corp. has taken a new stake in the world’s second-largest mobile carrier.
The stock rose as much as 4.1 percent, the most intraday since Feb. 2, and advanced 3.4 percent to 186.08 pounds at 3:43 p.m. in London.