Deals
Liberty Global Offers $2.5 Billion to Buy Rest of Telenet
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Liberty Global Inc. offered to buy the remaining 49.6 percent of Belgium’s Telenet Group Holding NV for 1.96 billion euros ($2.5 billion), allowing the John Malone-led cable company to forge closer ties between European units.
Telenet investors will get 35 euros a share in cash, Liberty Global, based in Englewood, Colorado, said today in a statement. The offer is 13 percent higher than yesterday’s closing price for Mechelen-based Telenet’s shares. Telenet jumped to 34.97 euros at 12:46 p.m. Brussels time.