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Liberty might settle for 80% of Ziggo

Liberty Global has filed an updated prospectus on its takeover bid for Dutch cable operator Ziggo. It includes the company’s Q2 results, certain financial information relating to Liberty Global and additional information on the consequences to Ziggo shareholders if the offer is completed at alternative acceptance conditions.

The offer is conditional on Liberty acquiring at least 95 per cent of shares, but this could potentially be lowered to 80 per cent if Ziggo approves.

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