ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

VOD Vodafone Group Plc

67.12
-0.80 (-1.18%)
Last Updated: 12:45:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -1.18% 67.12 67.12 67.14 68.06 67.02 68.02 24,141,889 12:45:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 45.71B 11.84B 0.4372 1.54 18.21B

Kabel Deutschland to Host Shareholder Meeting as Demanded by Elliott

19/01/2015 7:01pm

Dow Jones News


Vodafone (LSE:VOD)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Vodafone Charts.
By Friedrich Geiger 

BERLIN-- Kabel Deutschland Holding AG will host an extraordinary shareholder meeting as demanded by activist investor Elliott, the German television cable network operator said Monday.

Elliott, which owns 13.5% in Kabel Deutschland, last week called for the shareholder meeting because the hedge fund doubts that the price which Vodafone PLC offered at a takeover in 2013 was high enough.

Kabel Deutschland said it has examined Elliott's demand for a shareholder meeting, and the assembly will likely take place March 20 in Munich.

Vodafone holds a 77% stake in Kabel Deutschland following the bid.

Elliott said last week it wants Kabel Deutschland's management and supervisory boards to explain at the shareholder meeting findings of a special auditor's report on the takeover.

The auditor concluded that the internal enterprise valuation carried out by Kabel Deutschland and its investment banks was significantly higher than the price offered by Vodafone, according to the hedge fund. The boards' recommendation that Kabel Deutschland shareholders accept the offer were therefore implausible, according to Elliott.

Write to Friedrich Geiger at friedrich.geiger@wsj.com

Access Investor Kit for Vodafone Group Plc

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=GB00BH4HKS39

Access Investor Kit for Vodafone Group Plc

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US92857W3088

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Vodafone Chart

1 Year Vodafone Chart

1 Month Vodafone Chart

1 Month Vodafone Chart

Your Recent History

Delayed Upgrade Clock