Great part shareholders embraces acquisition by UPC, Ziggo




British and American hedge funds, representing about 30 percent of the shares of Ziggo in their hands, align themselves with the acquisition of the provider UPC, says De Telegraaf. This would be a major hurdle taken for the acquisition.

Hedge funds as the British Treadneedle Asset Management and the U.S. State Street would accept the offer of 34.53 euros per share by Ziggo, UPC, even if the bid partly consists of shares, that not everyone would be happy. De Telegraaf writes that according to sources from the banking world. The hedge funds, which together account for about 30 percent of the shares, would “almost certainly all agree ‘.

If the acquisition goes through, it could be. Completed in the second half of the year Then the CEO of Ziggo, Rene Oberman would leave. Liberty Global, the parent company of UPC, earlier this year made ​​the intention known Ziggo to take over. Liberty Global already had a stake in the cable company and in 2011 were already rumors of a takeover by the parent company of UPC.

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