Latest Business News: Vodaphone Bid for Kabel Deutschland

Wochit
Latest Business News: Vodaphone Bid for Kabel Deutschland
Vodaphone is offering to aqcuire Kabel Deutschland, Germany's biggest cable operator. The Vodaphone Group made the giant bid of $10 billion for the German company. At least 75 percent of Kabel Deutschland shareholders must accept Vodafone?s offer for the deal to go ahead. Spain's economy minister said on Monday it was looking at all options for the sale of two nationalized banks. The banks to be sold are the Catalunya Banc and NCG Banco before their assets deteriorate further. The Spanish government claims that this would help with rising loan defaults and more volatility on stocks markets The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed's evolving plan.
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