FRANKFURT, Dec 20 (Reuters) - Vodafone agreed on aso-called domination agreement with Kabel Deutschland, three months after its 7.7 billion euro ($10.5billion) acquisition of Germany's largest cable company wentthrough.
Vodafone will offer the remaining shareholders of KabelDeutschland 84.53 euros for each of their shares, slightly morethan the 84.50 euros it had offered in its takeover bid June.
Some activist shareholders, including Paul E. Singer,founder of U.S. hedge fund Elliott Asset Management, hadincreased their holdings in Kabel Deutschland, hoping to squeezeout a better offer.
Investors in two other German companies - utility Mainovaand HVB Real Estate Bank - used this tactic successfully inother deals to get more for their shares earlier this year.
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