Seeking Alpha

European regulators approve Vodafone-Kabel deal

  • The EC's rubber-stamping of Vodafone's (VOD +0.1%) $14.2B purchase of Germany's largest cable provider was generally expected, given the business is purely complementary to Vodafone's German mobile ops.
  • The news comes a week after Vodafone announced it had secured over 75% of Kabel shareholder votes, a prerequisite for the deal to pass.
  • The transaction is expected to close in the middle of October, provided irate hedge funds don't get in the way.
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