Liberty Global Reveals Key Sunrise Spin Dates; Special Meeting Of Shareholders In Connection With 100% Spin-off Of Sunrise Will Be Held On October 25, 2024
Portfolio Pulse from Benzinga Newsdesk
Liberty Global has announced the key dates for the spin-off of Sunrise, which will become an independent publicly traded Swiss company. A special meeting of shareholders is scheduled for October 25, 2024. Post spin-off, Liberty Global will continue its operations in Belgium, Ireland, Slovakia, the U.K., and the Netherlands.
October 15, 2024 | 9:10 pm
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Liberty Global is planning a 100% spin-off of Sunrise, which will become an independent Swiss company. This move could refocus Liberty Global's operations and potentially unlock value for shareholders.
The spin-off of Sunrise is a significant corporate action for Liberty Global, as it will result in Sunrise becoming an independent entity. This could lead to a refocus on Liberty Global's core operations and potentially unlock shareholder value, which is generally viewed positively by the market.
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