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Broadband

Vodafone offers EUR 7.7 bln for Kabel Deutschland

Monday 24 June 2013 | 08:43 CET | News
Vodafone has offered EUR 7.7 billion for Kabel Deutschland, valuing the German cable operator at EUR 87 a share. Based on a Business Combination Agreement signed with the board of Kabel Deutschland, Vodafone will pay EUR 84.50 per share cash, and shareholders will also receive a EUR 2.50 per share dividend for the current fiscal year, to be confirmed at KDG's annual shareholders meeting in October. Kabel Deutschland has about EUR 3 billion in debt that would be assumed by Vodafone. The offer is a 37 percent premium on KDG's share price in February, when news of a possible bid first emerged.

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Categories: Fixed
Companies: Kabel Deutschland / Liberty Global / Vodafone
Countries: Germany
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