Liberty Global plc – Class A (LBTYA) has released an update.
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Liberty Global has announced plans to spin off 100% of Sunrise GmbH to its shareholders, subject to approval by the board, the SEC, and shareholder votes. The CEO, Michael T. Fries, discussed the details in an earnings call and communicated the update to employees via email. However, this communication is not an offer to sell securities, and the spin-off is contingent upon meeting several regulatory and customary conditions. Interested parties including “qualified investors” in the EEA and the UK are the targeted audience, with further information to be available through Liberty Global’s investor relations.
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