LONDON, Nov 11 (Reuters) - Vodafone boss VittorioColao said on Tuesday he was not concerned by a lawsuit broughtby U.S. activist hedge fund investor Elliott ManagementCorporation over the price Vodafone paid to take over Germanfirm Kabel Deutschland.
Vodafone completed the deal in October last year, securingover three quarters of the shares in Germany's largest cablecompany with its 7.7 billion euro ($9.8 billion) offer.
In July this year Elliott, which still holds 13.5 percent ofKabel Deutschland, filed a lawsuit with a Munich court for ahigher price.
Elliott had asked for between 225 euros and 275 euros pershare, instead of the 84.53 euros in cash that Vodafone paid toother shareholders.
Last month Elliott said it has now asked the court to orderthe company to give it a full copy of a report prepared by aspecial auditor concerning the deal.
The auditor, appointed at the company's annual generalmeeting last year, looked into the actions of Kabel Deutschlandand Vodafone before and during their merger negotiations, whichwere announced in June 2013.
"I don't think anybody should take this thing tooseriously," Colao told reporters after unveiling first-halfresults on Tuesday, adding that the business would not beaffected by the case.
"We are very patient and we are a very long-term investor,"he added. (Reporting by Kate Holton; Editing by Greg Mahlich)
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