Liberty Global to begin self-tender for series A, series C common stock

By Lisa Kerner

Charlotte, N.C., Aug. 3 - Liberty Global, Inc.'s board of directors authorized a Dutch auction cash self-tender offer to purchase up to 5.682 million shares of the company's series A common stock priced between $40.00 and $44.00 per share and up to 5.682 million shares of its series C common stock, also priced between $40.00 and $44.00 each.

Total cost to purchase the maximum number of shares in each series is expected to be $454.6 million to $500 million.

On Aug. 2, the series A shares closed at $42.11 (Nasdaq: LBTYA) and the series C shares closed at $39.89 (Nasdaq: LBTYB). Both 20-day tender offers are slated to begin on or about Aug. 10, a company news release stated.

Liberty Global is a cable operator based in Englewood, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.