Liberty Buying Ziggo

Jan. 27, 2014
Liberty Global (NASDAQ:LBTYA) and Ziggo (NYSE Euronext Amsterdam:ZIGGO NA) have reached a conditi...

Liberty Global (NASDAQ:LBTYA) and Ziggo (NYSE Euronext Amsterdam:ZIGGO NA) have reached a conditional agreement on a recommended offer under which Liberty Global will acquire Ziggo in a stock and cash transaction valuing Ziggo at approximately $13.7 billion. The offer has been unanimously recommended by Ziggo's supervisory and management boards. The offer is expected to close in the second half of 2014. The combined business is expected to reach 7 million, or more than 90%, of Dutch homes.

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