Deals
Liberty Global Won’t Boost Its 2 Billion-Euro Telenet Bid
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Liberty Global Inc. said it won’t reopen its 2 billion-euro ($2.6 billion) bid for Belgium’s Telenet Group Holding NV and will accept the shares already tendered at the offer price of 35 euros apiece.
Telenet fell as much as 6.4 percent to 34.41 euros. The stock, which rose 21 percent last year, traded at 35.46 euros, or 3.6 percent lower, at 10:57 a.m. local time.