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Wednesday 27 February 2013 5:08 am  |  Updated:  Thursday 30 May 2019 3:28 am

Vodafone takeover of Kabel Deutschland off

By: Peter Spence

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Bloomberg is reporting that Vodafone's planned takeover of Kabel Deutschland Holding AG has been suspended. 

This has not yet been confirmed.

Kabel Deutschland shares were indicated 6 percent lower in premarket trades, according to data from brokerage Lang & Schwarz.

A source with direct knowledge of the matter told Reuters last week that Vodafone hired Goldman Sachs to advise on a possible 10 billion euro ($13 billion) bid for Kabel Deutschland, Germany's biggest cable operator.

(Reuters)

 

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