Re: Ziggo - Euronext Amsterdam
Enviado: 6/1/2014 19:31Liberty in final talks to buy Dutch cable group Ziggo - Bloomberg
01/06/2014 | 07:41am U
Liberty, which is Europe's largest cable operator and already owns 28.5 percent of Ziggo, has been driving consolidation of the fragmented European cable market.
The two companies could announce a deal as early as mid-January, although details such as who will head Ziggo are still to be discussed, Bloomberg said, citing sources.
If the firms strike a deal, the future of former Deutsche Telekom (>> Deutsche Telekom AG) Chief Executive Rene Obermann - who started his stint as CEO of Ziggo last week - is uncertain, Bloomberg said.
Liberty Global and Ziggo declined to comment on the report.
Ziggo's shares rose as much as 2.7 percent on Monday, following the report, having made a slow start to the new year in the first few sessions of 2014.
Ziggo said in December no decision had yet been made about a full takeover offer. It rejected an approach from Liberty - controlled by U.S. tycoon John Malone - in October as too low.
Analysts have said Ziggo could be worth as much as 37 euros per share, based on 32 euros for the company and 5 euros which Liberty could gain in cost savings, as the U.S.-listed group already owns Dutch peer UPC. Shares were trading at 33.45 euros at 1200 GMT.
(Reporting by Robert-Jan Bartunek; Editing by Pravin Char)
Stocks treated in this article : Deutsche Telekom AG, ZIGGO, Liberty Global PLC
http://www.4-traders.com/ZIGGO-10237394 ... -17753653/
01/06/2014 | 07:41am U
Liberty, which is Europe's largest cable operator and already owns 28.5 percent of Ziggo, has been driving consolidation of the fragmented European cable market.
The two companies could announce a deal as early as mid-January, although details such as who will head Ziggo are still to be discussed, Bloomberg said, citing sources.
If the firms strike a deal, the future of former Deutsche Telekom (>> Deutsche Telekom AG) Chief Executive Rene Obermann - who started his stint as CEO of Ziggo last week - is uncertain, Bloomberg said.
Liberty Global and Ziggo declined to comment on the report.
Ziggo's shares rose as much as 2.7 percent on Monday, following the report, having made a slow start to the new year in the first few sessions of 2014.
Ziggo said in December no decision had yet been made about a full takeover offer. It rejected an approach from Liberty - controlled by U.S. tycoon John Malone - in October as too low.
Analysts have said Ziggo could be worth as much as 37 euros per share, based on 32 euros for the company and 5 euros which Liberty could gain in cost savings, as the U.S.-listed group already owns Dutch peer UPC. Shares were trading at 33.45 euros at 1200 GMT.
(Reporting by Robert-Jan Bartunek; Editing by Pravin Char)
Stocks treated in this article : Deutsche Telekom AG, ZIGGO, Liberty Global PLC
http://www.4-traders.com/ZIGGO-10237394 ... -17753653/
