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Announced

Vodafone launched $2.6bn tender offer for a 17% stake in KDG.

Financials

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Transaction Value£1,937m
Consideration TypeOrdinary Shares, Cash
Capital Owned77%
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Tender Offer

Cable Television

Acquisition

Satellite

Pending

Minority

Cross Border

Friendly

cable operator

Germany

Single Bidder

Public

Synopsis

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Vodafone, a British multinational telecommunications conglomerate, launched $2.6bn tender offer for a 17% stake in KDG, a cable operator. Vodafone to pay to the minority shareholders of KDG an annually recurring net compensation of $3.87 per KDG share in cash. Vodafone also agreed to purchase such minority shareholders' KDG shares for $103.17 per share in cash.

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