Deals
Kabel Investor Elliott Boosts Stake Before Vodafone Deadline
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Paul Singer, the billionaire hedge-fund manager, boosted his stake in Kabel Deutschland Holding AG to become one of its biggest shareholders days before a deadline for investors to decide whether they’d accept Vodafone Group Plc’s takeover bid.
Singer and entities owned by his Elliott Management Corp. held 10.9 percent of the cable company as of Sept. 6, according to a German regulatory filing. Singer’s firm had just more than 5 percent of Kabel Deutschland as of Aug. 23, data compiled by Bloomberg showed.