Paul Singer Now Holds 10.9 Percent Of Kabel Deutschland

Paul Singer's Elliott Management has increased its stake in Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) to 10.9% of the company's equity, Harro ten Wolde of Reuters reports. Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) is a hot and heavy stock right now, as Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) has eyes set on buying it. Just yesterday Vodafone urged Kabel Deutschland's shareholders to accept the $10 billion buyout offer.

Usually when Singer increases his position in a company, which was more than doubled in this instance from 5.1% to 10.9%,...