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Kabel Deutschland Holding AG Updates on Vodafone Group Plc Offer


Monday, 24 Jun 2013 02:12am EDT 

Kabel Deutschland Holding AG announced that Vodafone Vierte Verwaltungsgesellschaft mbH, a subsidiary of Vodafone Group Plc, announced its intention to acquire Kabel Deutschland Holding AG. The planned transaction values Kabel Deutschland at EUR 87 per share, valuing the Company's equity at approximately EUR 7.7 billion. The transaction is to be implemented in a voluntary public tender offer of EUR 84.50 per share in cash plus payment of the dividend planned by Kabel Deutschland for the financial year 2012/2013 in the amount of EUR 2.50 per share. 

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