Liberty Global Acquires 93.23% Of Telenet Group Holding NV And Will Reopen Its Offer On 24 August 2023
Portfolio Pulse from Happy Mohamed
Liberty Global plc (NASDAQ:LBTYA, LBTYB and LBTYK) has announced the acquisition of 93.23% of Telenet Group Holding NV through its subsidiary, Liberty Global Belgium Holding B.V. The initial acceptance period of the voluntary and conditional public takeover bid ended on 12 July 2023, with 34,676,001 shares of Telenet tendered. The offer will be reopened on 24 August 2023 for shareholders who have not yet accepted the offer.
July 19, 2023 | 8:31 pm
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Liberty Global's acquisition of 93.23% of Telenet Group could potentially strengthen its market position and increase its revenue streams.
The acquisition of a significant stake in Telenet Group by Liberty Global could potentially enhance its market presence and diversify its revenue streams. This could lead to a positive impact on its stock price in the short term.
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