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Stock Market & Financial Investment News

News Breaks
March 7, 2013
12:10 EDTLBTYA, VMEDEU to decide by April 15 on Liberty Global, Virgin Media deal, Reuters says
Antitrust regulators in the EU will decide on whether to approve a $15.8B takeover bid by Liberty Global (LBTYA) for Virgin Media (VMED) by April 15, Reuters reports. Reference Link
News For LBTYA;VMED From The Last 14 Days
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May 4, 2015
18:04 EDTLBTYAAckman says market has difficult time analyzying 'platform companies'
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May 3, 2015
17:09 EDTLBTYACharter holds informal merger talks with Time Warner Cable, WSJ says
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April 29, 2015
18:14 EDTLBTYAVodafone takeover of Liberty has 'strong logic,' The Guardian says
A Vodafone (VOD) takeover of Liberty Global (LBTYA) has "strong industrial logic," according to The Guardian, citing a Berenberg research note. Berenberg suggests that Vodafone should pre-fund the potential acquisition by selling its AMAP assets, which could raise roughly GBP31B. Reference Link
April 20, 2015
05:14 EDTLBTYALiberty Global subsidiary Telenet to acquire BASE Company
Liberty Global announced that its subsidiary Telenet Group Holding NV has entered into a definitive agreement to acquire BASE Company NV, the third-largest mobile network operator in Belgium in an all cash transaction valuing BASE Company at EUR 1.33B. This represents a purchase price multiple of 4.2x BASE Companyís estimated 2015 OCF, as adjusted for approximately EUR 145M of projected annual run-rate opex synergies. When the enterprise value is increased to include approximately EUR 240M of projected one-off investments and integration costs, the synergy adjusted multiple increases to 5.0x. This acquisition will enable Telenet to compete more effectively in a mobile market with significant growth opportunities, while offering a full range of fixed and mobile services to the benefit of consumers and businesses in Belgium. Telenet intends to finance the acquisition of BASE Company through a combination of EUR 1.0B of new debt facilities and existing liquidity. Giving pro-forma effect to the transaction and the completion of the intended financings, we estimate that Telenetís net leverage ratio under its existing bank facility, excluding synergies, would have been approximately 4.45x at December 31, 2014.

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