Key Developments: Liberty Global PLC (LBTYA.OQ)

LBTYA.OQ on NASDAQ Stock Exchange Global Select Market

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9 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Liberty Global PLC announces recommended share acquisition of Cable & Wireless Communications
Monday, 16 Nov 2015 01:38pm EST 

Liberty Global PLC:Announces recommended share acquisition of Cable & Wireless Communications.Says share offer and dividend imply blended price of 81.04 pence per cwc share.Liberty Global will issue a maximum of approximately 31.7 million lbtya, 77.5 million lbtyk, 3.6 million lila and 8.9 million lilak ordinary shares.Expect dividend, estimated fees,expenses be funded from cwc liquidity including incremental debt borrowings and lilac group liquidity.In addition, Liberty Global will assume cwc's existing proportionate net debt as part of transaction.Says additional synergies expected beyond $125 million previously reported.Pursuant to offer, co to acquire cwc for shares of liberty in scheme of arrangement valuing cwc total equity value of about £3.5 billion.Based on offer, the lilac group, on a pro forma basis, will be approximately 25.44% owned by existing lilac group shareholders.Following completion,cwc will be attributed to lilac group, with Liberty Global Group holding an inter-group interest in lilac group.On pro-forma basis, expect combined group of cwc and lilac to deliver low double-digit rebased ocf growth over the medium term.  Full Article

Liberty Global plc and Discovery Communications acquire shares of Lions Gate Entertainment Corp.
Thursday, 12 Nov 2015 10:02pm EST 

Liberty Global plc:Says Liberty Global plc and Discovery Communications, Inc have each purchased 5.0 million common shares of Lions Gate Entertainment Corp., resulting in each having an approximately 3.4% shareholding of Lionsgate's current outstanding Common Shares.Says 10.0 million Common Shares were acquired from funds affiliated with MHR Fund Management LLC.Liberty Global and Discovery Communications each paid approximately $195 million for their respective stake in Lionsgate representing a purchase price of approximately C$52.68 per Common Share based on current exchange rates.  Full Article

Liberty Global PLC - EU regulators extend Liberty Global, KPN deal probe to March 17 - Reuters
Tuesday, 3 Nov 2015 07:08am EST 

Liberty Global PLC:European Union competition authorities have extended their investigation of U.S. cable operator Liberty Global's 1.3-billion-euro ($1.43 billion) bid for KPN's Belgian unit to March 17, the European Commission said on Tuesday - RTRS.The EU antitrust enforcer did not provide details. The previous deadline was March 3 - RTRS.Liberty Global offered concessions last week in a bid to head off concerns that the combination of its Belgian subsidiary Telenet and KPN's mobile network operator Base may harm the Belgian mobile telecoms market - RTRS.The Commission is now waiting for feedback from third parties before deciding whether to accept them or demand more concessions - RTRS.  Full Article

EU antitrust regulators to probe deeper into Liberty Global PLC, KPN deal - Reuters
Sunday, 4 Oct 2015 08:00pm EDT 

Liberty Global PLC:European Union antitrust regulators opened a full-scale investigation on Monday into U.S. cable company Liberty Global's bid for Dutch peer KPN's KPN.AS Belgian unit, concerned that the deal may lead to higher prices - Reuters.The European Commission said its preliminary review showed that the deal may reduce competition in the Belgian retail mobile telephony market and also reduce the incentives for KPN's Base unit to offer rivals access to its mobile network - Reuters.It will now decide by Feb. 18 whether to clear or block the deal. Liberty Global, which offered concessions last month, may now have to give more to head off regulatory worries - Reuters.  Full Article

Vodafone Group Plc terminates discussions with Liberty Global Plc regarding possible exchange of selected assets
Monday, 28 Sep 2015 02:01am EDT 

Vodafone Group Plc:Says on June 5, Vodafone Group Plc confirmed that it was in early stages of discussions with Liberty Global Plc regarding a possible exchange of selected assets between two companies.Says that discussions with Liberty Global have terminated.  Full Article

Liberty Global plc increases stake in ITV Plc to 9.9 Plc
Friday, 31 Jul 2015 02:00am EDT 

Liberty Global plc:Says that it has acquired 138.7 million shares in ITV plc, thereby increasing its existing stake to a total of 398.5 million shares in ITV or about 9.9 pct. of ITV's ordinary shares outstanding.Says that Liberty Global has at same time entered into a hedging transaction with respect to the ITV shares it has acquired and obtained further financing from its hedge counterparty.Says acquisition of additional ITV shares, combined with amending an existing hedging transaction with respect to ITV shares, will result in net cash being released to Liberty Global.  Full Article

Vodafone Group Plc says considering asset swap with Liberty Global plc-Reuters
Friday, 5 Jun 2015 03:16am EDT 

Vodafone Group Plc:Was considering an exchange of selected assets with Liberty Global plc-Reuters.Vodafone is not in discussions with Liberty Global concerning a combination of the two companies' Vodafone added.  Full Article

Liberty Global plc and Searchlight complete Choice acquisition
Wednesday, 3 Jun 2015 11:45am EDT 

Liberty Global plc:Has consummated its previously announced acquisition of 100% of the parent of Puerto Rico Cable Acquisition Company Inc., dba Choice Cable TV.  Full Article

Liberty Global's subsidiary Telenet to Acquire BASE
Monday, 20 Apr 2015 01:15am EDT 

Liberty Global PLC:Says its subsidiary Telenet Group Holding NV, enters into a definitive agreement to acquire BASE Company NV in an all cash transaction valuing BASE company at 1.325 bln euros.Acquisition will enable Telenet to compete more effectively in a mobile market with growth opportunities, while offering a full range of fixed and mobile services to the benefit of consumers and businesses in Belgium.Intends to finance the acquisition of BASE Company through a combination of 1.0 bln euros of new debt facilities and existing liquidity.  Full Article

Liberty Global completes post-closing acceptance period for Ziggo
Friday, 21 Nov 2014 05:24pm EST 

Ziggo NV:Liberty Global holds 98.4 pct of all Ziggo shares after post-closing acceptance period.Following statutory squeeze-out proceedings, Liberty Global to own 100 pct of Ziggo.Listing and trading of company shares on Euronext Amsterdam to be terminated on Dec. 22.Last day of trading is Dec. 19.Delisting and statutory squeeze-out to commence as soon as possible.  Full Article

EU mergers and takeovers (Feb 4)

BRUSSELS, Feb 4 The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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