Kabel Deutschland investors fear for Vodafone acquisition

|About: Kabel Deutschland Holding... (KBDHY)|By:, SA News Editor

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.