Kabel Said to Hire Advisers as Vodafone Mulls Takeover Bid

Kabel Deutschland Holding AG, the German company that’s the target of a potential takeover bid by Vodafone Group Plc, hired Morgan Stanley and Perella Weinberg Partners LP to advise on its strategy, people familiar with the matter said.

The banks are working with Kabel Deutschland to prepare for an approach from Vodafone, the people said, asking not to be identified because the discussions are private. While Chief Executive Officer Adrian Von Hammerstein may want to keep Kabel Deutschland independent, the company will review the financial and strategic rationale behind an offer, they said.