Subject to the agreement, Vodafone was paying minority shareholders 3.17 euros per share annually in cash and had agreed to buy them out at 84.53 euros per share, with the offer price increasing every year, it said in Tuesday’s statement. Vodafone has received irrevocable undertakings from holdouts with about 17% of KDG including shares by DE Shaw, Elliott and UBS Group AG, it said.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *