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Hedge funds plan to sue Vodafone for better Kabel Deutschland terms: sources

Reuters – 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, three financial sources with knowledge of the matter said on Friday.

Vodafone, which wants Kabel Deutschland in order to offer more television and fixed-line services in its largest European market, said late on Thursday it had secured more than 75 percent of shares in the company, a condition for its 7.7 billion euro ($10 billion), 87 euro-per-share, offer.

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