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Vodafone says takeover offer for Kabel Deutschland succeeds

Thu, 12th Sep 2013 18:31

FRANKFURT, Sept 12 (Reuters) - Vodafone said it hassecured the 75 percent of shares in Kabel Deutschland needed for its 7.7 billion-euro ($10 billion) offer forGermany's largest cable company to succeed.

"The 75 percent minimum acceptance condition has been met,"Vodafone said in a statement on Thursday, adding that it wouldpublish the definitive tender ratio on Sept. 16.

Vodafone's 87.00 euro per share offer, which includes a 2.50euro dividend payment, for Kabel Deutschland ended on Sept. 11.

The British company, which earlier this month agreed thesale of its stake in U.S. operator Verizon Wireless for $130billion, wants to buy Kabel Deutschland to offer more televisionand fixed-line services in Germany, its largest European mobilemarket.

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