vodafone bid for kabel deutschland cast in doubt
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Vodafone bid for Kabel Deutschland cast in doubt

Arab Today, arab today

Arab Today, arab today Vodafone bid for Kabel Deutschland cast in doubt

Berlin - Arabtoday

The takeover of German cable firm Kabel Deutschland by Vodafone is reportedly in jeopardy after the British mobile operator refused to change its offer. Media reports say Vodafone might not get enough Kabel shares. Vodafone was unwilling to change the conditions of its takeover bid for German cable operator Kabel Deutschland, despite shareholders' concern that the deal might fall apart, British business daily Financial Times (FT) reported Monday. Under the deal, 75 percent of Kabel Deutschland shareholders must tender their shares in a first part of a two-stage tender process by midnight Wednesday. Vodafone is offering a total of 87 euros ($114) per share in the deal, estimated to be worth about 10 billion euros. “There'll be no change to the conditions set out in our earlier announcement,” FT quoted from a statement by Vodafone. However, FT also reported that a number of Kabel Deutschland shareholders had expressed the view that the Vodafone bid might fail to secure the necessary minimum level of acceptance. The battle for Germany's biggest cable firm appears over. The UK mobile phone giant Vodafone appears to have outbid the US media group Liberty Global for Kabel Deutschland after substantially raising its original offer. (24.06.2013) Since 2007, eight major tenders in Germany had foundered on the required minimum share level, and the average number of shares tendered in German takeovers was just 68.5 percent, FT quoted an unnamed Kabel Deutschland shareholder as saying. Another shareholder, quoted by FT, also said that the required minimum was higher than in similar deals recently, and that he feared the merger might fail. Kabel Deutschland shareholders, FT wrote, were especially concerned about the large number of shares held by index-tracking investors. So-called tracker funds, which own about 10 percent of the German cable firm, were unlikely to tender their shares in the first wave, preferring to wait until the second deadline, the business daily added. If Vodafone fails to secure the necessary number of shares, it can be banned from relaunching a second takeover bid for 12 months. By DW

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vodafone bid for kabel deutschland cast in doubt vodafone bid for kabel deutschland cast in doubt

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vodafone bid for kabel deutschland cast in doubt vodafone bid for kabel deutschland cast in doubt

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday