British telco Vodafone Group has offered to buy out Kabel Deutschland’s (KDG) minority shareholders for €84.53 (US$115.73) per share and the two operators have signed a domination and profit-and-loss transfer agreement.
Vodafone’s proposal is…
British telco Vodafone Group has offered to buy out Kabel Deutschland’s (KDG) minority shareholders for €84.53 (US$115.73) per share and the two operators have signed a domination and profit-and-loss transfer agreement.
Vodafone’s proposal is slightly higher than the €84.50 (US$115.68) offer it made when it acquired a 76.57% stake in KDG for €7.7bn (US$10.5bn).
In a statement Kable Deutschalnd said the offer was “equivalent to the volume-weighted average over three months as set by German financial watchdog”.
An EGM will be held on 13 February where the transfer agreement will be voted upon.