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Tag: deutschland
Vodafone offers EUR 7.7 bln for Kabel Deutschland
2013-06-24 08:43:00| Telecompaper Headlines
(Telecompaper) 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. KDG said its board plans to recommend the bid to shareholders, and management will tender their shares to Vodafone. Kabel Deutschland will remain a separate legal entity with its headquarters in Unterfoehring (near Munich), and its management will oversee the entire fixed-line business of the merged companies, including product development and marketing. Vodafone and KDG expect significant synergies from the merger from cross-selling to each other's customers as well as in network infrastructure and procurement. In addition to the merger announcement, KDG brought forward the publication of its annual results.
Tags: offers
eur
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kabel
Vodafone launches 7.7bn bid for Kabel Deutschland
2013-06-24 02:00:00| Total Telecom industry news
Group throws down gauntlet to Liberty Global by raising its offer for the German cable operator.
Tags: deutschland
bid
kabel
vodafone
Voda reportedly raises Kabel Deutschland bid
2013-06-19 02:00:00| Total Telecom industry news
U.K. mobile operator said to have offered 0.85 per share, or 7.5 billion, for cable operator following rejection of lower bid.
Tags: deutschland
bid
kabel
raises
Liberty Global makes rival approach to Kabel Deutschland
2013-06-18 09:12:00| Telecompaper Headlines
(Telecompaper) Kabel Deutschland confirmed that it has received a preliminary takeover approach from Liberty Global. The announcement comes days after Vodafone also confirmed its interest in acquiring the German cable operator. Liberty Global already owns Unitymedia and Kabel BW in Germany and has repeatedly signaled its interest in further consolidation. Kabel Deutschland said the talks were still at an early stage and there was no guarantee of an agreement.
Tags: makes
global
approach
deutschland
Kabel Deutschland confirms preliminary offer from Liberty Global
2013-06-18 02:56:19| Telecom - Topix.net
Kabel Deutschland - Germany's biggest cable operator - confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global Plc after a British newspaper reported that the company had put forward a 7.5-billion-euro bid for the company.
Tags: offer
global
deutschland
preliminary
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