The friendly offer would be cash for the sum of 7,7 billion euros, to purchase all the shares, which the telecommunications group values at 87 euros each.
Vodafone Group has launched a 7,7 billion euro friendly cash offer to acquire all the shares in Germany's largest cable operator, Kabel Deutschland Holding. Vodafone offers 87 euros in cash per share against the 84,1 euros recorded on the stock exchange last Friday.
The management and board of Kabel Deutschland intend to recommend the transaction to their shareholders who now, according to German legislation on acquisitions, have 4-10 weeks to express themselves.
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