2023-03-21 09:20:24 ET
- Liberty Global ( NASDAQ: LBTYA ) through its wholly-owned subsidiary Liberty Global Belgium plans to launch a voluntary and conditional public takeover bid for all the shares of Telenet ( OTC:TLGHF ) that it does not already own or that are not held by Telenet.
- The planned offer would be an offer in cash at a price of €22/share; price represents a premium of 59% compared to Mar.15 closing price of Telenet.
- Liberty Global has been the controlling shareholder of Telenet since February 2007 and currently owns 59.18% of Telenet’s outstanding issued share capital while Telenet owns 3.12% of the outstanding issued share capital in treasury.
- If Telenet's ordinary general meeting on Apr.26, 2023 approves the payment of a gross dividend of €1/share as proposed by Telenet's board and the ex-dividend date (May 3, 2023) falls prior to the payment date of the offer price; offer price per share will be reduced by the total gross amount of such dividend (before any applicable tax deduction).
For further details see:
Liberty Global to launch a voluntary and conditional public takeover bid of Telenet