16 Stocks Making Big M&A News and Rumors This Week
Here’s your Cheat Sheet to this week’s top mergers and acquisition news:
Vodafone Group (NASDAQ:VOD): Current price $28.82
Vodafone has announced its intention to purchase Kabel Deutschland in a cash transaction allowing the latter’s shareholders 87 euros per share, valuing the entire fully diluted ordinary share capital of the German cable giant at 7.7 billion euros. The acquisition will be carried out as a voluntary public tender offer by Vodafone’s wholly-owned subsidiary Vodafone Vierte Verwaltungsgesellschaft mbH, for €84.50 per share in cash, plus the payment of a 2.50 euro dividend reported by Kabel Deutschland on February 20. The Management and Supervisory Boards intend to recommend that shareholders accept the Offer, and the members intend to accept the offer in respect of their entire beneficial shareholdings.
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