July 30, 2013 08.51 Europe/London By Julian Clover
vodafone-storeVodafone has officially launched a public takeover offer for Kabel Deutschland Holding AG.
The offer price is for €84.50 per KDH share in cash plus the payment of the proposed €2.50 dividend announced by KDH on 20 February 2013, delivering a total value of €87.00 per KDH share.
Vodafone Group Plc has launched a voluntary public takeover offer for the entire share capital of KDH through its indirect wholly owned subsidiary Vodafone Vierte Verwaltungsgesellschaft mb following approval by the Bundesanstalt für Finanzdienstleistungsaufsicht.
The acceptance period ends at midnight CET on September 11, 2013.
As of today, Vodafone has purchased 3,750,462 KDH shares, representing approximately 4.2 per cent. of KDH’s total share capital.