Wednesday 28 June 2017

Liberty Global to take over Dutch cable group Ziggo

US cable group Liberty Global has agreed to buy Dutch operator Ziggo in a cash and share deal valuing the acquired business at €10bn.

Ziggo, which in October rejected an earlier offer from Liberty as too low, said in a joint statement that the current offer implied a price of €34.53 per share compared with Friday's close of 33.25 euros.

The US company already owns 28.5pc of Ziggo.

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