Vodafone makes offer for outstanding Kabel Deutschland shares

23 Dec 2013

Vodafone Group has worked out a so-called ‘domination agreement’ with Kabel Deutschland, three months after completing its EUR7.7 billion (USD10.5 billion) takeover of the German cable operator. Under the terms of the deal Vodafone is to offer the remaining shareholders EUR84.53 per share for each outstanding share, which is just above the EUR84.50 it paid to carry out the takeover in June, 4-Traders reports. In October the British company announced that it had completed the voluntary public takeover offer Kabel Deutschland and now holds 76.57% of the cableco’s share capital.

Germany, Kabel Deutschland, Vodafone Germany, Vodafone Group