Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion

News

Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion

14.08.2020 News

The international telecommunications company Liberty Global has made an offer to the Swiss Provider Sunrise Communications Group AG on the acquisition, the value of the transaction is estimated at 6.8 billion Swiss francs ($ 7.4 billion), the company said.

“Liberty Global announced today, that in accordance with the terms of the agreement between Liberty Global and Sunrise Communications Group AG, Liberty Global has agreed to make a mandatory tender offer for the purchase of all Sunrise shares for 110 Swiss francs per share, “- said in a statement.

The premium is 32% of the weighted average market price of Sunrise shares for the last 60 days at 83.17 Swiss francs. The total value of the operation is estimated at 6.8 billion Swiss francs, or 7.4 billion dollars. The operation is expected to be completed after obtaining the necessary approvals, which the parties expect at about the end of this year, and compliance with other conditions.

After reports of a deal Sunrise Communications shares rise in price by 26%, the value of the securities reached their historic record of 109 Swiss francs per share.

Other articles

  • Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
    News

    Bill Gates has invested nearly $ 80 million in the developer of satellite dishes

    The American satellite company Kymeta announced the attraction of $ 85.2 million in the last round of financing. The round was led by Microsoft founder Bill Gates, who invested $ 78.5 million in the startup. Kymeta develops and manufactures high-speed satellite systems and antennas. The main product of the company is a flat satellite antenna […]

Read also

Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
Analytics

Investing in the pharmaceutical sector: what is the formula for success?

What is the current situation with investment in the pharmaceutical and medical sector of Ukraine? Can we expect the prosperity? If yes, then when? If no, then why? What may attract, and what may prevent? Investments background Investments in the medical sector of Ukraine are considered to be one of the most promising according to […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Ukrainian businessmen urged officials to raise the salaries of Ukrainians

Top managers of Ukrainian business are in no haste to predict the trends in the development of Ukrainian economy in 2017. Exactly about it reported the president of EEMEA Jacobs Douwe Egberts Taras Lukachuk on Thursday, January 26 on General meeting of European Business Association: Business climate in Ukraine, a global review (Ukraine’s Business Climate-Global […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Ukrzaliznytsia will purchase from oil trader 65 thousand tons of diesel fuel

Ukrzaliznytsia subsidiary Center software production signed five agreements with oil provider regarding purchase of 65 thousand tons of diesel fuel. This volume should be enough for two and a half months to ensure stable passenger – and freight  transport. This was announced today from the data message posted on the official website of Ukrainian Railways. […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Ukrzaliznytsia reconsidered the cooperation with the Deutsche Bahn

The current management of the state company Ukrzaliznytsia does not intend to implement the initiative of the previous management to involve representatives of the German company Deutsche Bahn in the management of the Ukrainian railways. This was stated by the head of the board of the UZ Volodymyr Zhmak in the interview with the edition […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Biopharma is going to invest $ 12 million in its development in 2016

In 2015, the company built a plant for the production of probiotics, conducted a reconstruction of the station for a blood transfusion, as well as invested in the development of new drugs. The Pharmaceutical company Biopharma (Kiev region) intends to keep the volume of investments in development at the level of 2015 – $ 12 […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

The Germans are buying up sugar factories in Ukraine: the crisis in the industry is over?

Radekhivskyi tsukor company, which is the largest producer of this product in Ukraine, has closed a deal to acquire 6 sugar factories previously owned by the company T-Tsukor. We are talking about: Borshchivskyi, Buchatskyi, Zbarazhskyi, Kozovsky, Lanovetskyi and Khorostkovskyi sugar factories, which are located in the Ternopil region. It is reported by the source delo.ua. […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

The Ukrainian startup Moggie raised investments in Sweden in the amount of $ 70 thousand

Until quite recently, the Petcube took the lead position in the Ukrainian niche of gadgets for pets. But a startup team of the Moggie project proved their importance. The company is developing a smart collar for cats and mobile application, which in pairs or individually will allow owners to monitor the health of their pets, […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Eli Lilly and Regeneron have requested the permission for the emergency use of drugs from COVID-19

Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

The first Ball of German economy – the most exclusive event of 2019!

On 21st of March 2019, at 7 pm, The German-Ukrainian Chamber of Industry and Commerce for the first time will get a VIP treatment for the key men, executives and stakeholders of German and Ukrainian businesses in a ball-room of Fairmont Grand Hotel Kyiv. During this exquisite event, guests will enjoy a bright ball night […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Foxtrot rebranded TM Bravis

The network “Foxtrot” noted that the logo of the Bravis trademark must match the level of the top brands in consumer electronics, for increased demand among consumers. Such  decision was taken to increase the competitiveness of domestic producers of electronics. In such a way the company decided to make changes and update the Bravis brand, […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

The international manufacturer of raw materials for confectionary industry built a plant in Ukraine

The international manufacturer of goods  and raw materials in the bakery, patisserie and chocolate sectors Puratos built a plant in Odessa region. “Puratos will launch its own production of ingredients for the baking and confectionery industry in the Odessa region “, – said in the statement. The business of the company focused on meeting the […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Agricultural holding “Industrial Milk Company” will receive $ 20 million for appending of the floating capital from the European Bank for Reconstruction and Development

Agricultural holding “Industrial Milk Company” (IMC) is planning to raise $ 20 million funding from the European Bank for Reconstruction and Development for appending of the floating capital. According to the bank’s website, the board of directors plans to consider the relevant draft at the meeting on April 20. The total cost of the project […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

There are no threats of visa-free travel with the EU, – Kuleba

Currently, there are no threats to Ukraine’s visa-free travel with the European Union. Required joint efforts of all political forces in Ukraine to continue the movement towards the EU. This was stated by the Minister of Foreign Affairs of Ukraine Dmytro Kuleba on the talk show “Freedom of Speech” on ICTV. According to him, there […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

“Oschadbank” wants to charge back $ 100 million to the concern “Stirol”

The state bank “Oschadbank” plans  to recover in court more than $ 100 million from the largest producer of mineral fertilizers in Ukraine – “Stirol” concern. It is reported by UNIAN with reference to the Unified State Register of court decisions. The question is about $ 100 million debt of the concern, that is the […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Coca-Cola sells the manufacturer of “Yarilo” kvass

The Antimonopoly Committee gave the permission to the Nova Trade LTD Baileys company for the  acquisition of more than 50% stake of the company “Kvass Beverages”, which is the part of the Coca-Cola Company Group. This is said in a statement of the regulator. The “Kvass Beverages”Company from Zaporizhzhya  produces kvass of live fermentation under  “Yarilo” […]

Next
Liberty intends to buy Swiss Provider Sunrise Communications for $ 7.4 billion
News

Grey Group acquires Easycom Group in China

Grey Group, one of the largest global communications networks has acquired a majority stake in Easycom, a social media agency in China. This acquisition will accelerate Grey’s growth in one of the world’s most dynamic emerging economies and offer clients access to a new vary of marketing services.  Founded in Shanghai in 2006, Easycom has a […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com