- Kabel Deutschland (KBDHY.OB) shareholders reportedly fear that Vodafone (VOD) won't reach the required level for its €7.7B acquisition of the German cable operator to go through.
- Vodafone has stipulated that 75% of Kabel Deutschland shares need to be tendered by Wednesday in what is the first stage of a two-step approval process. The U.K. operator could lower the level before the deadline but said it has no intention of changing the conditions.
- Failure to buy Kabel Deutschland could make Vodafone vulnerable to a takeover bid from AT&T (T), which is thought to be interested in the British carrier's European mobile assets but not its cable operations.
Kabel Deutschland investors fear for Vodafone acquisition
Sep 9 2013, 04:21 ET