Report

New Street: Liberty Global (BUY): Accretive Sunrise deal announced - price target up to $35

After the failed attempt last year to sell themselves to Sunrise in Switzerland, the tables are now reversed as Liberty Global has announced that they are making an offer to buy Sunrise at CHF110/ share at a cost of CHF6.8bn – which will be financed as CHF3.5bn of cash, CHF3.2bn of new cash.
Underlyings
Liberty Global plc Cl B

Liberty Global Plc Class A

Liberty Global Plc Class C

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
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  • Asian Internet
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We provide debt research on:

  • Pan European Telecom Services and Cable


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