Kabel Deutschland Holding AG (DB:KD8) cancelled the acquisition of Tele Columbus GmbH & Co. KG.
Morgan Stanley Bank AG acted as a financial advisor to Kabel Deutschland Holding AG. Jonathan Paine of N M Rothschild & Sons Limited acted as financial advisor to Tele Columbus GmbH & Co. KG. Achim Herfs, Wolfgang Spoerr, Nikolaus Vieten, Christian Hoefs, Simon Patrick Link, Alexander Henne, Elena Samaras, Fabian Seip und Marc Zedler, and Peter Wehner of Hengeler Mueller and Albrecht Bach of Oppenländer Rechtsanwälte acted as legal advisors for Kabel Deutschland Holding AG. Allen & Overy LLP, Christoph Wagner, Falk Schöning, Anna-Catharina Gottschall and Andreas Grünwald of Hogan Lovells International Llp and Björn Holland, Leo Plank, Christian Zuleger, Wolfgang Nardi, Christine Kaniak, Dirk Kramer, Peer Borries, Matthew Gerber and Carl Bradshaw of Kirkland & Ellis LLP acted as legal advisors to Tele Columbus. Hanns Joerg Herwig of Skadden, Arps, Slate, Meagher & Flom LLP (Germany) acted as legal advisor for Tele Columbus. Matthias Santelmann of WilmerHale acted as legal advisor for Kabel Deutschland.
As of December 6, 2012, Kabel Deutschland received the preliminary statement of objection from the German Federal Cartel Office on the planned Tele Columbus acquisition. As of January 23, 2013, Kabel Deutschland offered remedy package for the Tele Columbus, so that the deal gets approved from antitrust authority. As of February 18, 2013, the deal was rejected by German Federal Cartel Office and the remedies offered were notified as insufficient. Kabel Deutschland has a month to appeal the decision to the Düsseldorf Higher Regional Court. As of March 22, 2013, Kabel Deutschland appealed a regulatory decision over the antitrust decision.
Kabel Deutschland Holding AG (DB:KD8) cancelled the acquisition of Tele Columbus GmbH & Co. KG on September 24, 2013.