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Vodafone Group Plc's Subsidiary Announces Intention To Acquire Kabel Deutschland

Monday, 24 Jun 2013 02:00am EDT 

Vodafone Group Plc announced the intention to acquire Kabel Deutschland in a transaction delivering Kabel Deutschland shareholders EUR87 per share in cash (the Transaction), valuing the entire fully diluted ordinary share capital of Kabel Deutschland at EUR7.7 billion (GBP6.6 billion). The Transaction will be implemented as a voluntary public tender offer by Vodafone's wholly owned subsidiary Vodafone Vierte Verwaltungsgesellschaft mbH for EUR84.50 per share in cash plus the payment of the EUR2.50 dividend announced by Kabel Deutschland on February 20, 2013. 

Company Quote

-0.415 -1.26%
15 Sep 2014