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Majority shareholder Liberty Global's long-awaited bid for Telenet is official. The American parent company wants to buy all the shares that it does not own. It is now watching to see if small and large Telenet shareholders accept the bid.

If the bid succeeds, Telenet will disappear from the stock market and the originally Flemish telecom project will be fully owned by American tycoon John Malone.

In the news: What many already suspected is now official. Telenet has been suspended from the stock market as its American parent group Liberty Global seeks a takeover bid for the company.

The numbers:

  • Liberty has been the majority shareholder since 2007 and currently owns 59.18 percent of the capital. In addition, Telenet itself owns 3.12 percent of its own shares after share buybacks in recent years.
  • Liberty is offering exactly 22 euros per share for the remaining shares. That is 59 percent more than Telenet's closing price on March 15.
  • The Americans also point out that this is a 52 percent premium to the average price for the previous month.
  • Telenet has been suspended from the stock market since March 16 at 9:57 a.m. after a share price surge, possibly indicating that the takeover plan began to leak by then.

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