logo
Plus   Neg
Share
Email

Freenet To Vote Against Rights Issue Of Sunrise - Quick Facts

freenet AG (FRAGF.PK) said it has decided to vote against the proposed capital increase of Sunrise. The proposed capital increase is in relation to the acquisition of UPC Switzerland. freenet said the current terms of the deal are unbalanced and unfavorable for all Sunrise shareholders. freenet believes there is a potential for significant re-rating of the Sunrise share price on a standalone basis.

Sunrise is expected to seek approval from its shareholders for the rights issue at an Extraordinary General Meeting in the second half of 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Commerzbank AG (CRZBY.PK) said Friday that it plans to cut 4,300 jobs, as part of its strategy. It also plans to sell its majority stake in mbank S.A. It is considering making a purchase offer to Comdirect's outstanding shareholders. Walmart, which has said its goal is to become America's neighborhood health destination, is hosting a free wellness event in its stores across the country on Saturday, September 21. The "Walmart Wellness Day" event will held be from 10 a.m. to 2 p.m. at more than 4,600 Walmart stores with pharmacies. Customers can visit these stores to get free health screenings and low-cost flu shots. Exploding Kittens Inc. recalled 11,235 units of safety goggles sold with Throw Throw Burrito Extreme Going Pro Edition Dodgeball Card Game sets for concerns of laceration hazard if shattered. These include 735 units sold in Canada, a statement published by the U.S. Consumer Product Safety Commission said.
Follow RTT
>