Vodafone wins backing for Kabel bid

The €7.7 billion takeover of Kabel Deutschland by Vodafone won shareholder approval when votes in favor of the deal passed a crucial 75 percent hurdle on Sept 12.

The lengthy process of collecting and verifying shareholder votes for the deal meant that there was still uncertainty over whether Vodafone would buy the German cable group. The takeover of Germany’s largest cable group needed at least three-quarters of Kabel Deutschland shareholders to vote in favor. Vodafone will reveal the final take-up numbers on Sept 16 but said that the 75 percent minimum acceptance condition had been met.