28th Oct 2014 13:25
LONDON (Alliance News) - US hedge fund Elliott Management Corporation has filed another lawsuit in its ongoing battle with Vodafone Group PLC over the price of the company's takeover of Kabel Deutschland GmbH, Reuters reported on Tuesday.
Elliott, which has a 13.5% stake in Kabel Deutschland, the German cable television operator, has requested a court in Munich give it permission to see a special report prepared by an auditor who probed the actions of Kabel and Vodafone prior to, and during, the British mobile group's takeover last year, Reuters said.
Kabel Chief Executive Manuel Cubero said during the company's annual meeting this month that the auditor report had alleged the two companies may have communicated on a potential deal before it was formally announced in June 2013. He added the auditor had found the offer price may not have been appropriate, though he denied both allegations.
http://uk.reuters.com/article/2014/10/28/uk-kabel-dts-hld-vodafone-group-elliott-idUKKBN0IH16M20141028
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Vodafone