Kabel Deutschland Shareholders Back $10B Vodafone Bid

Law360, New York (September 16, 2013, 11:57 AM EDT) -- The holders of nearly 77 percent of shares in Kabel Deutschland have thrown their weight behind a €7.7 billion ($10.3 billion) takeover offer from Vodafone PLC, the British mobile servicer said on Monday, effectively sealing its bid for control over Germany’s biggest cable provider.

Vodafone last week trumpeted that it had cleared the required 75 percent approval threshold. Monday’s news confirmed the bid had locked down support from the holders of 76.48 percent of Kabel Deutschland’s share capital.

Under the deal’s terms, the British wireless giant...
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