Shares in Kabel Deutschland rise 3.9 percent after the German cableoperator says Liberty Global made a takeover offer for the group,raising the possibility of a bidding contest with Vodafone, which lastweek said it had made a bid for the company.
"Due to the financial power of the potential bidders and the strategicsignificance of a takeover of Kabel Deutschland the price might rise evenfurther," says LBBW analyst Stefan Borscheid.
Kabel Deutschland stock advances to 85.65 euros at 0736 GMT after theFinancial Times reported late on Monday, citing unidentified people familiarwith the talks, that the offer from Liberty Global is about 85 euros per share.
Three people familiar with the matter told Reuters last week that Vodafoneindicated a price of 81 euros per share for Kabel Deutschland.
Reuters messaging rm://peter.dinkloh.thomsonreuters.com@reuters.net
Reuters messaging rm://hakan.ersen.thomsonreuters.com@reuters.net
Vodafone (VOD)