According to a statement by Kabel Deutschland Holding AG (KD8) shareholder Elliott Management Corporation, it has filed a complaint in the German court seeking access to a document pertaining to the company’s takeover by Vodafone Group Plc (VOD) last year.
Elliot sought a special auditor’s report which examined statements and actions of the Kabel Deutschland pertaining to the purchase and the valuation of the shares during the takeover offer.
Kabel Deutschland stated on October 9th that it will be releasing the report to the shareholders; it learnt that the documents contained personal information of employees or commercially sensitive data.
Kabel Deutschland said in an e-mailed statement. “We expect the special auditor to react accordingly and then Kabel Deutschland will send this report to any shareholder that requests it.”
Elliot purchases stakes in businesses which it deems as undervalued and is an activist investor. Vodafone in a $10 billion transaction that was completed in October last year agreed to buy Kabel Deutschland shares.cialis 2.5mg price