Liberty Global’s takeover of Telenet has entered its final stages with the company offering to buyout the remaining smaller shareholders.With 95% of shares already secured, the Flemish cablenet will become 100% owned by Liberty Global on 13 October 2023.Payment of the offer price for the tendered shares (€21.00 per share after deduction of the €1.00 gross dividend approved by Telenet’s ordinary general meeting of 26 April 2023 and paid on 5 May 2023) will take place on the payment date, 21 September 2023.The Offer will then be reopened as a simplified squeeze-out bid, subject to the same financial conditions.
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