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Sunrise terminates plan to buy UPC Switzerland
2019-11-13 11:00:09| Digital TV News
Liberty Global has received a notification of termination from Sunrise Communications regarding the amended Share Purchase Agreement concerning UPC Switzerland. The agreement provides for Sunrise to pay a CHF 50 million termination fee.
Tags: buy
plan
switzerland
sunrise
Sunrise says UPC Switzerland takeover deal 'dead'
2019-10-22 15:43:00| Telecompaper Headlines
(Telecompaper) The acquisition of UPC Switzerland by Sunrise is unlikely to go ahead. Liberty Global said in a statement that it supports the decision of Sunrise to cancel the extraordinary general meeting scheduled for 23 October.
Tags: deal
dead
switzerland
sunrise
Sunrise cancels EGM as no majority on capital increase for UPC takeover
2019-10-22 08:54:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise said it cancelled the extraordinary general meeting scheduled for 23 October to authorize the capital increase of CHF 2.8 billion to finance the acquisition of UPC Switzerland.
Tags: increase
capital
majority
sunrise
Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland
2019-10-14 09:31:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and subsequent subscription of newly issued shares in the capital increase to finance the acquisition of UPC Switzerland. This was a demand of some Sunrise shareholders, who found the price of the takeover too high, and called for Liberty Global to share in the risk of merging the two operators.
Tags: part
increase
global
finance
Proxy adviser ISS recommends rejecting Sunrise capital increase to finance UPC purchase - report
2019-10-10 16:08:00| Telecompaper Headlines
(Telecompaper) Proxy adviser ISS is recommending that shareholders of Sunrise reject the proposal for a capital increase to finance the takeover of UPC Switzerland at the next Extraordinary General Meeting on 23 October, Reuters reports, citing a report sent to clients.
Tags: report
increase
purchase
finance
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