NEW YORK (The Deal) -- Acquisitive cable company Liberty Global (LBTYA) on Monday, Jan. 27, announced an agreement to buy the outstanding shares in Dutch cable company Ziggoin a deal with an enterprise value of 10 billion euros ($13.7 billion). <\/p>\n
Liberty, of Englewood, Colo., said it would offer Class A and Class C shares, as well as 11 per share in cash, to buy the 71.5% of the Dutch cable company it doesn't already own. The bid is worth 34.53 euros per Ziggo share, a 4% premium to the company's Friday close and 12% higher than Ziggo's close on Dec. 11, the day before it revealed the latest round of talks. <\/p>\n
It values the target's total equity at 6.9 billion euros. <\/p>\n
\"Our combined operations will reach over 90% of all Dutch households allowing us to compete more effectively with the other national telecommunications and satellite platforms in the Netherlands, and at the same time generate significant revenue and operating efficiencies,\" said Liberty CEO Mike Fries in a statement. <\/p>\n
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Liberty Global strikes Ziggo deal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (The Deal) -- Acquisitive cable company Liberty Global (LBTYA) on Monday, Jan. Continue reading