Auditor says Kabel Deutschland worth more than Vodafone offer

By Victoria Bryan and Ludwig Burger FRANKFURT (Reuters) - An auditor's report concluded Kabel Deutschland was worth almost a quarter more than what Britain's Vodafone offered for the rump of the company, potentially helping hedge fund Elliott argue its case for a higher price for its stake. Having secured a stake of more than three quarters in Kabel Deutschland, Vodafone about a year ago offered 84.53 euros per share ($104) in cash to remaining shareholders as part of a so-called domination agreement. ...

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