Dutch cable group Ziggo NV , which is in talks on a takeover by U.S. peer Liberty Global Plc, forecast unchanged core earnings for 2014 with investments in promotions and in its new mobile service offsetting revenue growth.The group said there was little it could say about its talks with Liberty, which it revealed in December. It had previously rejected an offer as too low."These discussions have in the meantime progressed ... I should also mention there is no certainty an agreement will be reached," Chief Executive Rene Obermann told a conference call.Ziggo also said that the discussions meant it could not propose a final dividend, but would make a further statement before its annual shareholders' meeting set for April 17.
Shares of LBTYA fell by 1.92% or $-1.67/share to $85.53. In the past year, the shares have traded as low as $62.71 and as high as $90.93. On average, 1530650 shares of LBTYA exchange hands on a given day and today's volume is recorded at 1491672.
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