Telenet : Liberty Global intends to offer €22/share
>And on the sixth day… - After the Financial Services and Markets Authority (FSMA) suspended trading in Telenet on Thursday 16 March after the stock went up 10% in heavy trading, the company finally issued a press release on 21 March. Liberty Global intends to make a voluntary and conditional cash offer of €22.0 per Telenet share. Liberty Global already owns 59.18% of the company, and Telenet itself already owns another 3.12% of treasury shares. The offer price of €22...Telenet Group Holding is a holding company. Through its subsdiairies and its broadband network, Co. is engaged in the provision of cable television, including television services, broadband internet and telephony services to residential subscribers in Flanders and certain communes in Brussels as well as broadband internet, data and voice services in the business market throughout Belgium and parts of Luxembourg. In addition, Co. is engaged in the provision of mobile telephony services through a mobile virtual network operator partnership with Mobistar NV.
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