Vodafone announces Tender Offer for Kabel Deutschland minority holdings 7:49 am
Vodafone Group Plc (LON:VOD) and its wholly-owned subsidiary Vodafone Vierte Verwaltungs AG has announced a tender offer to all other shareholders of Kabel Deutschland Holding AG.
Vodafone will offer the KDG shareholders cash consideration of €103 for each outstanding KDG share. Vodafone has received irrevocable undertakings from entities advised by the D. E. Shaw group, by Elliott Advisers (UK) Limited and by UBS O’Connor LLC to accept the Offer for all of their KDG shares, representing approximately 17.1% of the share capital of KDG. Following completion of the Offer, Vodafone will own at least 93.8% of the outstanding share capital of KDG.
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