After Frustrating Argentine Experience, Elliott May Have New Target In Mind

Increasingly active activist investor Paul Singer, straight off a frustrating summer playing hide and go seek with Argentina over promised “real” debt negotiations, might have some pent up negative energy. Elliott Management getting aggressive with Kabel Deutschland Singer’s Elliott Management Corp. is now getting aggressive with Kabel Deutschland over a less than adequate transaction in its recent $11 billion takeover by Vodafone. Citing an auditor’s report, Elliott charges the acquisition was undervalued to the benefit Vodafone. “The findings of the special auditor’s report contain troubling allegations that pertain to the fair valuation of KDG and to breaches of duty by…