Cablecom sold to Liberty Global - new debts
Instead of going public, the Swiss cable network company is being acquired by the U.S. giant and must help finance the takeover.
Instead of going public, the Swiss
cable network group Cablecom to the US cable giant Liberty Global. Only
one day after the announcement of the price range for the planned
The Cablecom shareholders, who were represented in the Glacier
holding company, have received a takeover bid from Liberty for
2.825 billion francs. This means they sell slightly below the minimum
the target purchase price on the stock exchange. The new owner finances
the takeover in part through debt incurred by Cablecom.
(550 million euros, around 850 million Swiss francs). This will turn
Liberty boss John Malone uses the same trick with which the former
owner NTL almost bankrupted the cable group in mid-2003
would have been driven up. At that time, however, the debt burden amounted to almost 3.8
billion francs. It was reduced through a debt restructuring plan,
in which the members of Glacier Holding acquired ownership of Cablecom
came. Liberty Global is listed on the New York Stock Exchange and in
South America, Australia, Japan and around 15 European countries.
It was created in mid-2004 as a spin-off of the international activities of
Liberty Media, one of the largest cable companies in the USA, which
is also managed by John Malone.
cable network group Cablecom to the US cable giant Liberty Global. Only
one day after the announcement of the price range for the planned
The Cablecom shareholders, who were represented in the Glacier
holding company, have received a takeover bid from Liberty for
2.825 billion francs. This means they sell slightly below the minimum
the target purchase price on the stock exchange. The new owner finances
the takeover in part through debt incurred by Cablecom.
(550 million euros, around 850 million Swiss francs). This will turn
Liberty boss John Malone uses the same trick with which the former
owner NTL almost bankrupted the cable group in mid-2003
would have been driven up. At that time, however, the debt burden amounted to almost 3.8
billion francs. It was reduced through a debt restructuring plan,
in which the members of Glacier Holding acquired ownership of Cablecom
came. Liberty Global is listed on the New York Stock Exchange and in
South America, Australia, Japan and around 15 European countries.
It was created in mid-2004 as a spin-off of the international activities of
Liberty Media, one of the largest cable companies in the USA, which
is also managed by John Malone.
