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Kabel Deutschland's board agrees to accept Vodafone offer

Monday 5 August 2013 | 08:41 CET | News
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German cable network operator Kabel Deutschland's management and supervisory board have recommended shareholders accept Vodafone's takeover offer. The board considers the valuation of EUR 87 per share to be fair from a financial point of view. This assessment was confirmed in separate fairness opinions by both Morgan Stanley and Perella Weinberg Partners. The valuation is based on an offer price of EUR 84.50 per share plus the dividend of EUR 2.50 per share for the past fiscal year 2012/13. The board signed a business combination agreement (BCA) prior to the announcement of the tender offer

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Categories: Fixed
Companies: Kabel Deutschland / Morgan Stanley / Perella Weinberg Partners / Vodafone
Countries: Germany
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