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LBTYA Liberty Global Ltd

16.91
-0.27 (-1.57%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Liberty Global Ltd NASDAQ:LBTYA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.27 -1.57% 16.91 17.11 17.55 17.27 16.87 17.18 1,547,372 00:37:10

Liberty Global Officialy Launches EUR35.74 Ziggo Offer

27/06/2014 9:55am

Dow Jones News


Liberty Global (NASDAQ:LBTYA)
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By Ian Walker

U.S. media mogul John Malone's Liberty Global PLC (LBTYB) has officially launched its 35.74 euro ($48.67) share and cash offer for Dutch cable company Ziggo NV (ZIGGO.AE), after months of talks which started as far back as last August.

Under the deal, accepting Ziggo shareholders will get 0.2282 of a Liberty Global Class A ordinary share and 0.5630 of a Liberty Global Class C ordinary share and EUR11.00 cash for each share held, as agreed back in January.

The companies said Baptiest Coopmans will be appointed chief executive of the merged group and Bert Groenewegen will be appointed chief financial officer, subject to the offer being declared unconditional.

The offer period will open July 2, and close at end of business on Sept. 10.

The U.S. cable firm already owns 28.5% of Ziggo.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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