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Hedge Funds Plan To Sue Vodafone For Better Kabel Deutschland Terms: Sources

Wochit 0:34 mins

Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm, plan to sue for a better price for their outstanding holdings, sources said. Vodafone wants to buy Kabel Deutschland for $10 billion, so it can offer more television and fixed-line services in its largest European market. The company said it had secured more than 75 percent of Kabel Deutschland's shares, a condition for its $115-per-share offer.

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