Liberty Global to acquire Sunrise Communications Group

Liberty Global, Denver, Colorado announced today that, pursuant to the terms of a transaction agreement between Liberty Global and Sunrise Communications Group AG Liberty Global has agreed to make an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 per share. The offer represents a 32% premium to the 60-day volume weighted average price per share of CHF83.17 during the period up to (and including) August 11, 2020 and values 100% of Sunrise’s equity at CHF5.0 billion, representing a total enterprise value of CHF6.8 billion.
CT Bureau