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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liberty Global PLC    LBTYA   GB00B8W67662

LIBERTY GLOBAL PLC

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Activist investor AOC gets Sunrise Communications stake - source

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09/10/2019 | 09:46am EDT

ZURICH/FRANKFURT (Reuters) - German activist investor AOC has built a stake of less than 3% in Swiss telecoms group Sunrise Communications, a source familiar with the situation told Reuters on Tuesday.

The source said AOC was likely to oppose Sunrise's proposed 6.3 billion Swiss franc (5.15 billion pounds) takeover of Liberty Global's Swiss UPC business, which already faces a revolt with at least two big investors joining top Sunrise shareholder Freenet in resisting the deal.

(Reporting by Oliver Hirt and Arno Schuetze; Editing by Michael Shields)

Stocks mentioned in the article
ChangeLast1st jan.
FREENET GROUP 0.48% 18.775 Delayed Quote.10.80%
LIBERTY GLOBAL PLC 0.42% 28.39 Delayed Quote.33.04%
SUNRISE COMMUNICATIONS GROUP -0.26% 76.55 Delayed Quote.-11.22%
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NameTitle
Michael Thomas Fries Vice Chairman, President & Chief Executive Officer
John C. Malone Chairman
Joost Baptiest P. Coopmans Senior Vice President-Operations
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
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