Deals
Vodafone Reaches $10.1 Billion Deal to Buy Kabel Deutschland
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Vodafone Group Plc agreed to buy Kabel Deutschland Holding AG after increasing its bid for Germany’s largest cable company to 7.7 billion euros ($10.1 billion) in the second-biggest takeover of a telecommunications network in Europe this year.
Kabel Deutschland’s board is set to recommend the 87-euro per share cash offer, the companies said in separate statements, confirming a Bloomberg News report yesterday. The combination will result in synergies in cost and capital spending exceeding 3 billion euros after integration costs, Vodafone said.