Liberty Global (LBTYA.O) is taking over Sunrise Communications (SRCG.S) in a deal valuing the Swiss telecoms group at 6.8 billion Swiss francs ($7.40 billion), it said on Wednesday.
Sunrise’s board recommended the all-cash offer of 110 Swiss francs per share put forward by Liberty Global, set up by U.S. cable pioneer John Malone.
Germany’s Freenet (FNTGn.DE), Sunrise’s largest shareholder, which holds approximately 24% of Sunrise’s capital, has signed a binding, unconditional …
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Source: The Loadstar