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Vodafone $VOD shares rose 12.50% today after Xavier Niel’s company Vega announced it had signed an agreement to acquire a 16.2% stake in Vodafone held by a UAE-based e-commerce group for £4.4 billion.
Vega agreed to pay approximately 112.5 pence per share, including dividends.
The stock triggered buying after making a sharp breakout above its long-standing EMA200.