Liberty Global (LBTYA, LBTYB) announced decisions relating to its intended voluntary and conditional cash offer for the outstanding shares of Telenet Group that it does not own or that are not held by Telenet. Liberty Global confirms that it intends to proceed with the intended offer based on a price of EUR 35.00 ordinary share of Telenet, and it has decided to remove the 95% minimum acceptance condition of the offer. Liberty Global said it considers the offer price to be "highly attractive for Telenet shareholders." Liberty said it "serious reservations regarding the long-term business plan assumptions that were used in the valuation report prepared by Lazard SPRL, the independent expert pursuant to the Intended Offer."

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Liberty Global to proceed with EUR 35 per share offer for Telenet