Ziggo rejects Liberty Global takeover
October 17, 2013
Dutch operator Ziggo has rejected a takeover offer by Liberty Global.
Ziggo said in a statement that it considered the “preliminary” offer inadequate and cautioned there was no certainty of any revised offer.
Liberty Global, which owns 28.5 per cent of Ziggo, has been steadily increasing its interest in the Dutch company this year, having taken an initial 12.7 per cent in March. It bought an additional 17.5 million shares in the company in July.