U.S. media mogul John Malone's Liberty Global PLC (LBTYB) has
officially launched its 35.74 euro ($48.67) share and cash offer
for Dutch cable company Ziggo NV (ZIGGO.AE), after months of talks
which started as far back as last August.
Under the deal, accepting Ziggo shareholders will get 0.2282 of
a Liberty Global Class A ordinary share and 0.5630 of a Liberty
Global Class C ordinary share and EUR11.00 cash for each share
held, as agreed back in January.
The companies said Baptiest Coopmans will be appointed chief
executive of the merged group and Bert Groenewegen will be
appointed chief financial officer, subject to the offer being
declared unconditional.
The offer period will open July 2, and close at end of business
on Sept. 10.
The U.S. cable firm already owns 28.5% of Ziggo.
-Write to Ian Walker at ian.walker@wsj.com
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