Reuters – US Exit Leaves Vodafone with M&A War Chest

Vodafone‘s exit from the United States in a $130 billion deal expected to be sealed on Monday will give it a war chest to make acquisitions even after it rewards its shareholders, writes Reuters. The board of Verizon Communication will meet on Monday morning New York time to vote on buying out Vodafone from its joint venture, meaning a full announcement could come after the London market close, writes Reuters.