Deals
Vodafone’s $10.2 Billion Cable Bid Wins Shareholder Support
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Vodafone Group Plc’s 7.7 billion-euro ($10.2 billion) bid for Kabel Deutschland Holding AG cleared a major hurdle by winning the backing of at least 75 percent of the German company’s shareholders.
The minimum threshold for the takeover to go through was met by the Sept. 11 deadline, Newbury, England-based Vodafone said yesterday, without giving detailed results of the tender. Kabel Deutschland investors who haven’t given up their stock will get a second chance, from Sept. 17 to Sept. 30.