Bernstein Sees Deal Between Vodafone, Verizon Unlikely, Says Recent Mgmt Comments Suggest Verizon Could Withhold Dividends
May 21, 2013 at 11:27 AM EDT
Bernstein's Robin Bienenstock issued a note Tuesday morning suggesting a deal by Vodafone (NASDAQ: VOD ) to sell its Verizon Wireless (NYSE: VZ ) stake is "highly unlikely" in the next two years. Bienenstock said Vodafone management believes Verizon Wireless is a more attractive option than its controlled