Three hedge funds plan to sue Vodafone Group Plc (ADR) (NASDAQ:VOD) (LON:VOD) for a better price for their outstanding holdings in Kabel Deutschland Holding AG (OTCMKTS:KBDHF) (FRA:KD8) (ETR:KD8).
Arno Schuetze of Reuters feels that Elliot Management—along with other shareholder hedge funds Davidson Kempner and York Capital—are planning to initiate legal action to force Vodafone to fork out a higher price during the next phase of the buyout.
Vodafone Win Kabel Deutschland Bid
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