Vodafone Pays €8B To Snap Up German Cable Powerhouse

Law360, New York (June 24, 2013, 1:41 PM EDT) -- Vodafone Group PLC has agreed in principle to acquire German cable company Kabel Deutschland Holding AG in a stock deal valued at roughly €7.7 billion ($10.1 billion), trumping Liberty Global PLC's offer, it said Monday.

The British mobile giant will pay Kabel Deutschland stockholders €84.50 per share in cash, along with a €2.50-per-share dividend to be paid out later this year. The valuation of €87 per share is a roughly 37 percent premium to Kabel Deutschland's closing price on Feb. 12, the last trading day before...
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