Telenet report pushes for higher bid from Liberty Global

Tuesday 30 October 2012 | 09:24 CET | News
Belgian cable operator Telenet said that the report produced by independent expert Lazard values Telenet shares at EUR 37-42, higher than Liberty Global's buy-out bid at EUR 35 per share. Lazard said it compared Telenet to peers such as Ziggo and Virgin Media, adding a premium of 20 percent based on the activities of the company's directors. Liberty Global said that it had "serious reservations" regarding the report and its valuation methodology, especially as it's based on a improved long-term outlook for Telenet issued after Liberty first announced its intention to launch a buy-out bid.

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Categories: Fixed
Companies: Liberty Global / Telenet
Countries: Belgium
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