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M&A deal of the quarter: Vodafone-Kabel Deutschland

Banks lined up for the second-largest European M&A deal this year

An offer by UK telecoms giant Vodafone for Kabel Deutschland, the second-largest European M&A deal this year, pitted a tangled network of bankers against each other.

Vodafone announced on June 24 that it intended to acquire Kabel Deutschland for €87 per share, 12 days after confirming a preliminary approach.

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