Broadband TV News: Liberty Global publishes Telenet buyout offer

Story from Broadband TV News:

Liberty Global has published the prospectus related to its buyout offer for Belgian unit Telenet.

Liberty Global has announced today the publication of the prospectus related to the voluntary and conditional public takeover bid by its indirect wholly-owned subsidiary, Liberty Global Belgium Holding B.V. for all the shares of Telenet Group Holding NV that Liberty Global Belgium Holding does not already own or that are not held by Telenet.

In conjunction with the prospectus, the Board of Directors of Telenet has prepared a response memorandum in which it sets out its recommendation of the Offer. Both the prospectus and the response memorandum have been approved by the Financial Services and Markets Authority in Belgium. The FSMA’s approval does not imply any opinion by the FSMA on the merits or the quality of the offer.

Mike Fries, CEO, Liberty Global, commented: “We are pleased to announce the approval of our Offer prospectus. Telenet shareholders can start tendering their shares on June 8, 2023 at an attractive premium. We are committed to maintaining Telenet’s status as a leading and pioneering telecommunications and entertainment company in Belgium.”