Vodafone to buy Kabel Deutschland for $ 10 billion

At the European telecom market is maturing, another major deal. As it became known today, Vodafone UK has reached an agreement with the board of directors of the German Kabel Deutschland on buying the latest in 7.7 billion euros, or $ 10 billion. Kabel Deutschland - Europe's largest manufacturer of cables including fiber optic, television and others.

Vodafone has offered for Kabel Deutschland to 87 euros per share in cash, whereas the company's board said it would recommend that shareholders accept the deal. At the same time, Vodafone is facing a potential bidding war, as earlier in the Kabel Deutschland also claimed fund Liberty Global. Earlier last offered at 85 euros per share.



Vodafone proposal actually comes from 84.50 euros per share, and 2.50 euros dividend, Kabel Deutschland announced in February this year.