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Polish Billionaire Family's Dispute Stokes Record Cyfrowy Drop [Yahoo! Finance]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Yahoo! Finance
US:NASDAQ Investor Relations: vodafone.com/content/index/investors.html
Most Read from Bloomberg The stock dropped as much as 11% on Thursday, most since its 2008 listing on a closing basis. Cyfrowy has lost two-thirds of its market capitalization since a 2021 peak, valuing it at 8 billion zloty ($2.1 billion). The selloff comes after newspaper Gazeta Wyborcza reported that Zygmunt Solorz's children sent a letter to Cyfrowy's managers, voicing concern over potential attempts to take over the firm. The children have difficulty in contacting Solorz due to his health, the daily said, and are in conflict with the billionaire's current wife Justyna Kulka. The spat adds to investor concerns over Cyfrowy, which was build from scratch by the 68-year-old Solorz, whose wealth amounts to $2.1 billion, according to the Bloomberg Billionaire index. The company's shares have dropped in past years as the founder focused on bringing costly nuclear energy to Poland and was forced to cut dividends. “Market concerns are justified,“ said Piotr Raciborski, an analyst
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- Polish Billionaire Family's Dispute Stokes Record Cyfrowy Drop [BNN Bloomberg (Canada)][BNN Bloomberg]
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- Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service [Yahoo! Finance Canada][Yahoo! Finance Canada]
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SEC Filings
SEC Filings
- 9/24/24 - Form 6-K
- 9/13/24 - Form 6-K
- 9/3/24 - Form 6-K
- VOD's page on the SEC website
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