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

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.