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Tuesday, September 16, 2014

Deals of the day- Mergers and acquisitions, (NYSE: ORAN)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:** France's Orange has reached a deal to purchase Spanish fixed line telecoms operator Jazztel in an effort to bolster its mobile operation in the country and better compete with rivals Telefonica and Vodafone Group .

Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN fell by 1.82% or $-0.27/share to $14.58. In the past year, the shares have traded as low as $11.45 and as high as $17.43. On average, 598362 shares of ORAN exchange hands on a given day and today's volume is recorded at 188719.