Stronger-than-expected revenues at Belgian cable firm Telenet have increased the pressure on U.S. shareholder Liberty Global to raise its 1.96 billion euro ($2.6 billion) bid to take full control of the business.Telenet shares were up 0.3 percent at 35.35 euros in Thursday afternoon trading, above Liberty's offer of 35 euros and signalling investors are hopeful of a better deal."It looks as if Liberty will have to increase its bid," said KBC Securities analyst Tom Simonts.Liberty's offer is due to end on Friday. The U.S.-based cable group, which already owns 50.1 percent of Telenet, has said in the past it would not raise its bid.
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 remained unchanged at $65.96. In the past year, the shares have traded as low as $42.02 and as high as $66.57. On average, 1298210 shares of LBTYA exchange hands on a given day and today's volume is recorded at 0.
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