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Vodafone may fail to clinch Kabel Deutschland -paper

Mon, 09th Sep 2013 06:01

FRANKFURT, Sept 9 (Reuters) - Vodafone may fail toreach the 75 percent threshold of acceptances from shareholdersneeded to clinch Germany's largest cable operator KabelDeutschland, the Financial Times said on Monday.

"Some of Kabel Deutschland's shareholders believe that theamount of tenders offered will fall well short of this goal,"the paper said, citing anonymous shareholders.

Shareholders need to tender their stock by Wednesday.

In June, Vodafone launched a 7.7 billion euro ($10.13billion) offer for Kabel Deutschland, a near 40 percent premiumto Kabel's share price before its interest first emerged.

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