Kabel Deutschland Shareholder Calls for Audit Over Vodafone Takeover
January 13 2015 - 2:15PM
Dow Jones News
By Rory Gallivan
LONDON--Elliot Advisors, the activist shareholder in German
television group Kabel Deutschland Holding AG (KBDHY), has called
for an audit to review the cable company's management during its
takeover by Vodafone Group PLC (VOD.LN) in 2013.
Elliott, which owns 13.5% of Kabel Deutschland, said Tuesday
that it is proposing an extraordinary shareholders' meeting to vote
for an audit "to further examine management's behavior in
connection with the takeover by Vodafone."
Elliott said last year that it is suing Kabel Deutschland on
concerns over the valuation of Vodafone's multibillion-dollar
takeover.
Vodafone wasn't immediately available to comment.
--Simon Zekaria contributed to this article.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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