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Stock Market & Financial Investment News

News Breaks
January 27, 2014
05:37 EDTLBTYALiberty Global to acquire Ziggo for $9.44B in cash, stock
Liberty Global (LBTYA) and Ziggo announced that they have reached a conditional agreement on a recommended offer pursuant to which Liberty Global will acquire Ziggo in a stock and cash transaction valuing Ziggo at $13.7B. In addition, Liberty Global also announced that its board has approved a stock dividend of one Liberty Global Class C ordinary share on each outstanding Class A, Class B and Class C ordinary share as of the record date for the stock dividend. It is expected that this stock dividend will be issued on March 3. Under the terms of the offer and adjusting for completion of the stock dividend, Ziggo shareholders will receive EUR 11.00 in cash, 0.2282 Liberty Global Class A ordinary shares and 0.5630 Liberty Global Class C ordinary shares for each Ziggo share that they hold. Based on Liberty Globalís Class A share price of $83.27 and Class C share price of $78.80 as of January 24, 2014, the offer implies a price of approximately EUR 34.53 per Ziggo ordinary share. The offer Price per Ziggo ordinary share represents an implied equity value for 100% of Ziggo on a fully diluted basis of approximately $9.5B and an implied TEV8 of approximately $13.7B, before taking into account transaction costs and other expenses. Liberty Global and Ziggo expect to deliver approximately EUR 160M in annual run-rate synergies on the combined Dutch business by 2018. Liberty Global will fund the acquisition with a combination of shares and cash. Liberty intends to raise over EUR 1.5B in incremental principal debt at Ziggo. Liberty Global and Ziggo anticipate that the offer will close in the second half of 2014.
News For LBTYA From The Last 14 Days
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May 27, 2015
10:06 EDTLBTYAHigh option volume stocks
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May 26, 2015
11:54 EDTLBTYAOptions with increasing implied volatility
Options with increasing implied volatility: VIPS DGX CVC JIVE LBTYA BBBY YHOO NKE CAN DTV
07:03 EDTLBTYAVodafone investors would support deal with Liberty Global, Telegraph reports
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May 22, 2015
10:19 EDTLBTYAOptions with increasing implied volatility
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06:53 EDTLBTYAVodafone more likely an asset seller than buyer, says Goldman
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05:52 EDTLBTYAStocks with implied volatility movement; MRVL LBYTA
Stocks with implied volatility movement; Marvell (MRVL) 40, Liberty Global (LBTYA) 28 according to iVolatility.
May 21, 2015
10:04 EDTLBTYAHigh option volume stocks
High option volume stocks: MTZ LQD LBTYA AGEN OCR CVC NTAP BBY BRKR VOC
05:49 EDTLBTYAVodafone upgraded to Neutral from Reduce at Nomura
Nomura upgraded Vodafone (VOD) to Neutral saying the company's board should consider alternatives following Liberty Global's (LBTYA) public interest in a combination.
May 20, 2015
07:58 EDTLBTYAVodafone volatility elevated, Liberty Global chairman talkís potential synergies
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May 19, 2015
15:26 EDTLBTYALiberty Global chairman calls Vodafone 'great fit' for company, Bloomberg says
In a Bloomberg telephone interview, Liberty Global (LBTYA) chairman John Malone said he believes a combination with Vodafone (VOD) would be a "great fit" for Liberty's western European operations. "There would be very substantial synergies if we could find a way to work together or combine the companies with respect to western Europe," said Malone, who emphasized potential synergies in the U.K., Germany, and the Netherlands. "The principal barrier to us... [is that Vodafone's] philosophy is low leverage, low risk and high cash payout to their shareholders. I prefer to grow equity value," remarked Malone, cautioning that "Iím talking philosophically here... Iím not making an offer to anybody." The chairman also specified that Liberty "would buy" -- as phrased by Bloomberg -- mobile operators in countries such as the Netherlands, where its presence is sufficiently large. Reference Link
15:00 EDTLBTYAMalone: Liberty makes 'great fit' with Vodafone in West Europe, Bloomberg says
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May 15, 2015
10:13 EDTLBTYAHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA

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