Reuters: Global Markets: Vodafone shares hit 12-year high on Verizon talks

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Vodafone shares hit 12-year high on Verizon talks Aug 29th 2013, 07:31 Tweet Share this Email Print Related News UPDATE 2-Vodafone in talks with Verizon to sell out of US venture 3:03am EDT Verizon close to $130 billion deal for Vodafone stake: Bloomberg 1:37am EDT Verizon, Vodafone restart talks on $100 bln-plus deal -WSJ Wed, Aug 28 2013 European stocks fall by most in 2 months on Syria strike threat Tue, Aug 27 2013 Italy's political tensions weigh down European shares Mon, Aug 26 2013 Related Topics Hot Stocks » Asian Markets » A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. Credit: Reuters/Kevin Coombs LONDON | Thu Aug 29, 2013 3:31am EDT LONDON (Reuters) - Vodafone (VOD.L) stock hit a 12-year high on Thursday after the UK-listed telecom confirmed it was in talks to sell its 45 percent stake in a U.S. joint venture to partner Verizon Communications (VZ.N). At 0711 GMT (2:11 EDT), Vodafone's stock was up 8.3 percent at 205.01 pence, off a high of 207 pence, leading risers on the pan-European FTSEurofirst 300 index .FTEU3, which was up 0.5 percent. Demand to trade the stock was strong after a delayed open, with volume at nearly half its 90-day daily average after less than 15 minutes trade. That compared with an average traded volume across the FTSEurofirst 300 of less than 8 percent. (Reporting By Francesco Canepa; editing by Simon Jessop) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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