Kabel Deutschland wants Vodafone (VOD) to pay €11B ($14.7B) - over €8B in cash for its equity +...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Kabel Deutschland wants Vodafone (VOD) to pay €11B ($14.7B) - over €8B in cash for its equity + nearly $3B in assumed debt - to acquire it, The Sunday Times reports. The cash component would represent a ~10% premium from Kabel's Friday close in Frankfurt, and an 11%+ premium from the €7.2B offer Reuters reports Vodafone recently made. The paper adds Vodafone is set to made a fresh bid. (previous)