Liberty Global has been successful in its 6.8 billion Swiss franc attempt to buy Switzerland's Sunrise Communications after the all-cash offer was accepted by nearly 82per cent of the target's shareholders.
Liberty Global, set up by U.S. cable pioneer John Malone, offered 110 Swiss francs per share of Sunrise, Switzerland's second-biggest telecoms company, in a surprise deal in August.The approach was a reversal of Sunrise's failed bid to buy Liberty's Swiss business, which collapsed after running into shareholder opposition last year.
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