As the year comes to a close, being the hold-out creditor in the Kabel Deutschland Holding AG (ETR:KD8) (OTCMKTS:KBDHF)’s sale to Vodafone Group Plc (ADR) (NASDAQ:VOD) (LON:VOD) might just a big win for Elliott. According to Reuters, the auditor’s report on the Kabel Deutschland-Vodafone deal concludes that the British telecom company offered a much lower price for the German company than fair value. The auditor, Constantin GmbH, said in the report that Kabel Deutschland was worth at least 25% more than the 84.53 euros/share offer Vodafone made. Back in September of 2013, the activist hedge fund chose to keep its holdings in…
Elliott Up In November, With Some Help From Kabel Deutschland
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.