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Monday, January 27, 2014

CORRECTED-BRIEF-Liberty Global to purchase Ziggo for 34.53 euros/share, (NASDAQ: LBTYA)

Ziggo NV : * Says Liberty Global to acquire Ziggo * Says combined footprint will reach 7 million or over 90 percent of Dutch homes * Says centralizing Dutch operations at Ziggo's Utrecht headquarters * Says unanimously recommended by Ziggo's supervisory and management boards * Intended stock and cash offer implies a price of EUR34.53 per ordinary Ziggo share based on January 24, 2014 close * Says significant synergy opportunities * Intended offer also implies a price of EUR 35.74 per ordinary Ziggo share based on 10-day VWAP (Editing by Tom Pfeiffer)

Shares of LBTYA fell by 2.64% or $-2.26/share to $83.27. In the past year, the shares have traded as low as $62.71 and as high as $90.93. On average, 1547340 shares of LBTYA exchange hands on a given day and today's volume is recorded at 2371223.