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Vodafone Group announces intention to acquire Cobra Automotive Technologies


Monday, 16 Jun 2014 02:00am EDT 

Vodafone Group PLC:Says intentions to acquire Cobra Automotive Technologies S.p.A through a voluntary tender offer at e1.49 per share in cash, valuing the entire fully diluted ordinary share capital of Cobra at e145 mln (115 mln pounds).Enters into an agreement with the main shareholders of Cobra, who, together, hold 73.96pct of share capital of Cobra, on a fully diluted basis, to effect certain matters including agreeing to tender their shares into the Offer.Enters into an agreement with certain minority shareholders of Cobra's Telematics subsidiary to acquire their 20pct shareholding for a consideration of e20 mln, conditional on completion of the Offer. 

Company Quote

34.765
-0.265 -0.76%
2:05pm EDT