logo
Plus   Neg
Share
Email

Liberty Global To Launch Tender Offer For Sunrise Communications On Sept 11

Liberty Global (LBTYA, LBTYB and LBTYK) said that it expects to launch a tender offer for Sunrise Communications Group on September 11, 2020, following completion of a ten SIX Swiss Exchange trading-day cooling-off period. The tender offer is scheduled to expire on October 8, 2020.

Liberty Global has published the offer prospectus for the Sunrise tender offer.

Earlier this month, Liberty Global said that it agreed to make an all cash public tender offer for all publicly held shares of Sunrise Communications Group AG at a price of 110 per share Swiss francs. The offer values 100% of Sunrise's equity at 5.0 billion francs, representing a total enterprise value of 6.8 billion francs.

Sunrise's board has recommended that its shareholders accept the offer. freenet AG, Sunrise's largest shareholder, which holds about 24% of Sunrise's share capital, has signed a binding, unconditional commitment to tender its shares at the offer price.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Incredible Fish, Inc. has recalled a small quantity of Incredible Stone Crab Mustard Sauce citing undeclared milk, fish, and eggs allergens, the U.S. Food and Drug Administration announced. The Miami-based wholesale seafood distributor sold the recalled product to a limited number of consumers between October 15 and October 22, 2020, primarily through the company's website. Facebook said Tuesday that it has helped 4.4 million people register to vote for the upcoming U.S. presidential election on November 3, exceeding the tech giant's goal of helping 4 million voters to register. In June, Facebook said it created a new Voting Information Center to provide users with authoritative information, including how and when to vote. Facebook has launched cloud-streamed games in the Facebook app and on browser, which are playable instantly, with no downloads required. These cloud-streamed games can be played right alongside those playing instant games in HTML5. The access to cloud games on Facebook will roll out in the US, initially across California, Texas and Northeast and Mid-Atlantic states.
Follow RTT