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Wednesday, October 16, 2013

Ziggo says Liberty made takeover offer, but was inadequate, (NASDAQ: LBTYA)

Dutch cable firm Ziggo said on Wednesday it had received a takeover offer from U.S. cable group Liberty Global, but that it considered the offer inadequate. It added that there was no certainty that Ziggo would receive any revised offer.

Shares of LBTYA remained unchanged at $76.97. In the past year, the shares have traded as low as $54.05 and as high as $82.50. On average, 2135910 shares of LBTYA exchange hands on a given day and today's volume is recorded at 600.