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* Offer period to run until Sept. 30, 2200 GMT
* Legal action by hedge funds looms
FRANKFURT, Sept 16 (Reuters) - Vodafone has secured76.48 percent of shares in Kabel Deutschland for its7.7 billion euro ($10 billion)offer for Germany's largest cablecompany, the telecom operator said on Monday.
Vodafone had already said on Thursday it had reached the 75percent minimum acceptance required.
The British company, which this month agreed the sale of itsstake in U.S. operator Verizon Wireless for $130 billion, wantsto buy Kabel Deutschland to offer more television and fixed-lineservices in Germany, its largest European mobile market.
The deal still needs regulatory clearance from the EuropeanCommission, with the completion of a first review expected bySept. 20.
Vodafone said that Kabel Deutschland shareholders who havenot yet tendered their shares can do so in the next two weeks.The offer period will end on Sept. 30 at 2200 GMT.
After completion of the deal, Vodafone said it intends toenter a so-called control or domination agreement with KabelDeutschland.
This would enable Vodafone to determine Kabel Deutschland'sstrategy and access its cash flows. This is possible underGerman law once an buyer holds 75 percent of a company.
This will likely be used by some hedge funds, who have builtup stakes in Kabel Deutschland in the few past weeks, to try topress more money out of Vodafone, sources familiar with thematter told Reuters last week.
Hedge funds including Elliott Management, Davidson Kempnerand York Capital plan legal action in the hope that a court willforce Vodafone to offer a higher price in the next stage of thebuyout, the sources have said.
Although Elliott tendered some of its shares, its stake inKabel Deutschland remains above 10 percent, a person familiarwith the deal told Reuters on Monday. Elliott had 10.9 pct as ofearly last week.
Elliot declined to comment.
The tactic that the hedge funds are pursuing in the KabelDeutschland deal replicates what Elliott did in the takeover ofGerman crane maker Demag by U.S.-based rival Terex twoyears ago. That court decision is still pending.
