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Liberty Global Acquires 100% of Telenet in Public Takeover Bid.

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Vincent

MANews-(C)2009-2023

US-based broadband, video and mobile communications services provider Liberty Global plc has acquired 100% of Telenet Group NV in a public takeover bid by its indirect wholly owned subsidiary, Liberty Global Belgium Holding B.V., the company said.

During the simplified squeeze-out period, which opened on 22 September 2023 and closed on 13 October 2023, Liberty Global received acceptances for 1,156,941 Telenet shares.

Payment of the offer price for the Telenet shares tendered during the Simplified Squeeze-Out Period was EUR 21.00 (USD 22.20) will occur on the payment date, 19 October 2023.

Any shares of Telenet that were not tendered by the end of the Simplified Squeeze-Out Period were automatically transferred to the Offeror by operation of law and, as a result, the Offeror will own 100% of the shares of Telenet upon settlement of the shares that were tendered during the Simplified Squeeze-Out...

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