 O2's days on the stock market are numbered |
Mobile phone firm O2 is set to exit the UK stock market next month following its �17.7bn ($31.6bn) takeover by Spanish telecoms giant Telefonica. Telefonica is close to completing the deal after investors holding 88% of shares backed the takeover.
Having also bought O2 shares worth 8%, Telefonica now effectively controls just under 97% of the firm's shares.
Telefonica said it expected shares in O2, which has more than 27 million customers, to cease trading on 7 March.
The last remaining obstacle to the deal was cleared last month when the European Commission approved the transaction.
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