U.S. cable group Liberty Global is not prepared to raise its price for Belgian group Telenet because it believes it has already made a full offer, Finance Director Charles Bracken said. Liberty Global, which has 19.6 million customers in 13 countries, has offered 35 euros per share to purchase the almost 50 percent of Telenet it does not already own. But advisers to the Belgian cable operator have said the offer is too low.The U.S.-based company made its offer in September, which was worth about $2.6 billion at that time."We think it's a very full and fair offer, it's a company that we control already so there is no take up premium," Bracken told a conference in Barcelona organised by Morgan Stanley."So we're not prepared to raise our price and I think, if there's any expectation of that, then we should put it to bed because it's not going to happen."
Liberty Global, Inc. (LGI) is an international provider of video, broadband Internet and telephony services, with broadband communications and/or direct-to-home satellite (DTH) operations, As of December 31, 2011, the Company was serving 19. Shares of LBTYA fell by 1.46% or $-0.8317/share to $56.13. In the past year, the shares have traded as low as $37.66 and as high as $62.86. On average, 1010690 shares of LBTYA exchange hands on a given day and today's volume is recorded at 419280.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.57% or $-0.26/share to $16.26. In the past year, the shares have traded as low as $12.26 and as high as $21.19. On average, 21733100 shares of MS exchange hands on a given day and today's volume is recorded at 8935903.
Source
