Liberty Global PLC (LBTYA.O) Key Developments | Reuters.com
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Liberty Global PLC (LBTYA.O)

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Latest Key Developments (Source: Significant Developments)

Liberty approves distribution of 117.4 mln Lilac Group shares
Tuesday, 7 Jun 2016 05:06pm EDT 

Liberty Global PLC : Approved distribution of 117.4 million Lilac Group ordinary shares that represent inter-group interest to liberty global group shareholders .$5 billion distribution to Liberty Global Group shareholders will be made on July 1, 2016.  Full Article

Liberty Global announces distribution of Lilac Group shares to Liberty Global Group shareholders
Thursday, 2 Jun 2016 09:47am EDT 

Liberty Global Plc : $5 billion distribution to take place at close of trading on July 1, 2016 . Board of directors has approved distribution of 117.4 million Liberty Global Latin American and Caribbean group ordinary shares .Liberty global announces distribution of Lilac Group shares to Liberty Global Group shareholders.  Full Article

Liberty Global reports Q1 revenue $4.6 billion
Monday, 9 May 2016 05:15pm EDT 

Liberty Global Plc : All full-year 2016 guidance targets confirmed for LBTY and LILAC . Shareholder approval received for cable & wireless acquisition . Q1 equity repurchases of $286 million; buybacks resuming soon . Rgu additions more than doubled year-over-year to 156,000 in q1 2016 . Q1 revenue view $4.45 billion -- Thomson Reuters I/B/E/S . Liberty global reports first quarter 2016 results .Q1 revenue $4.6 billion.  Full Article

Boston Partners reports 11 percent passive stake in Liberty Global PLC
Monday, 9 May 2016 07:17am EDT 

Liberty Global PLC : Boston Partners reports 11 percent passive stake in Liberty Global PLC as of April 30, 2016 Source - http://1.usa.gov/1SYPhlS Further company coverage: [LBTYA.O] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Liberty Global plc and Vodafone Group Plc to merge their Dutch operations
Tuesday, 16 Feb 2016 02:00am EST 

Liberty Global plc and Vodafone Group Plc:Say that Liberty Global Europe Holding B.V. and Vodafone International Holdings B.V. have reached agreement to merge their operating businesses in Netherlands to form a 50:50 joint venture (the JV).Say JV will operate under both Vodafone and Ziggo brands.Say based upon enterprise value of each business, and after deducting Ziggo's 7.3 billion euros of net debt2, Vodafone will make cash payment to Liberty Global of 1 billion euros to equalize ownership in JV, reflecting 2 billion euros difference in the two companies' equity value.Say Vodafone Netherlands will be contributed to the JV on a debt and cash free basis.  Full Article

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

EU mergers and takeovers (June 21)

BRUSSELS, June 21 The following are mergers under review by the European Commission and a brief guide to the EU merger process: