Liberty Global will put its plan to issue new shares as part of its acquisition of Cable & Wireless Communications (CWC) to shareholders at the company’s general meeting of shareholders on April 20.
Liberty Global agreed to buy CWC, which operates networks in the Caribbean, for £3.5 billion (€4.5 billion) in November last year.
The company plans to combine CWC with its existing operations in the Caribbean and Latin America – now called LiLAC and listed as a ‘tracking stock’ – which also includes Chilean operator VTR and Puerto Rico’s Cablevision.
Under the terms of the deal, LiLAC will be 253.4% owned by existing LiLAC Group shareholders and 7.2% by CWC shareholders, with the remainder held as an ‘inter-group interest’ by Liberty Global.
27 September 2020 @ 09:00:00 UTC
26 September 2020 @ 18:00:00 UTC
26 September 2020 @ 17:10:00 UTC