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Vodafone tender offer accepted by Kabel Deutschland’s shareholders

The voluntary public tender offer for Kabel Deutschland submitted by Vodafone on 30 July 2013 has met the required 75 per cent minimum acceptance condition.

 
Vodafone will publish the final acceptance ratio on 16 September 2013.
 
The consummation of the takeover remains subject to antitrust approval.
 
A further two-week extended acceptance period follows according to the German Securities Acquisition and Takeover Act. Kabel Deutschland shareholders who have not yet accepted the offer can tender their shares between 17 September 2013 and midnight (CET) on 30 September 2013.
 
Vodafone’s offer values Kabel Deutschland at EUR87 per share.
 
The management board and supervisory board of Kabel Deutschland had recommended shareholders to accept the offer as they considered it to be in the interest of the company, shareholders, the workforce and other stakeholders. 

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