Vodafone’s Kabel Deutschland takeover bid may fail unless more shareholders agree to sell

Vodafone is having trouble finding enough Kabel Deutschland shareholders willing to sell up. Reuters reports the British mobile giant has secured only around 20 percent of the German cable firm’s shares, and it needs 75 percent by midnight Wednesday or the deal is off. It could be shareholders are waiting until the last minute in case a rival offer comes in — either way, it’s a nailbiting finish for freshly flush Vodafone and its plans of pushing further into the European fixed-line market.

Story posted at: uk.reuters.com

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