liberty global inc-b
(LBTYB:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
Last $76.89 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/15/13 All times are local (Market data is delayed by at least 15 minutes).
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Liberty%20Global%20Inc.%20%28NasdaqGS%3ALBTY.A%29%20entered%20into%20an%20agreement%20to%20acquire%20Virgin%20Media%2C%20Inc.%20%28NasdaqGS%3AVMED%29%20from%20Coatue%20Management%2C%20L.L.C.%2C%20Manning%20%26%20Napier%20Advisors%2C%20LLC%20and%20others%20for%20%2413.2%20billion%20in%20cash%20and%20stock%20on%20February%205%2C%202013.%20Under%20the%20terms%20of%20the%20agreement%2C%20Liberty%20Global%20will%20issue%20approximately%20Class%20A%20shares%20having%20an%20exchange%20ratio%20of%200.2582%20per%20share%2C%20Class%20C%20shares%20having%20an%20exchange%20ratio%20of%200.1928%20per%20share%20and%20%2417.5%20per%20share%20in%20cash%20as%20the%20consideration%20for%20the%20transaction.%20For%20each%20options%20of%20Virgin%20Media%2C%20Liberty%20Global%20will%20issue%20Series%20A%20and%20Series%20C%20options%20for%20a%20total%20value%20of%20%24370%20million.%20Liberty%20Global%20will%20receive%20a%20termination%20fee%20of%20%24235%20million%20and%20under%20other%20specified%20circumstances%2C%20Liberty%20Global%20or%20Virgin%20Media%20may%20be%20required%20to%20pay%20the%20other%20party%20a%20termination%20fee%20of%20%24470%20million%20and/or%20reimburse%20the%20other%20party%20for%20its%20expenses%2C%20subject%20to%20a%20%2435%20million%20cap.%0D%0A%0D%0AAs%20a%20part%20of%20the%20transaction%2C%20Liberty%20Global%20will%20create%20a%20new%20holding%20company%2C%20a%20UK%20public%20limited%20company%20%28plc%29%2C%20listed%20on%20NASDAQ%20and%20all%20the%20shares%20issued%20in%20the%20transaction%20will%20be%20shares%20of%20the%20plc%20entity%20with%20substantially%20similar%20rights%2C%20as%20the%20current%20Liberty%20Global%20shares%20of%20common%20stock.%20The%20cash%20portion%20of%20the%20purchase%20price%20will%20be%20funded%20through%20a%20combination%20of%20debt%20financing%2C%20credit%20facilities%20and%20available%20liquidity%20of%20both%20Liberty%20Global%20and%20Virgin%20Media.%20Virgin%20Media%20will%20continue%20to%20operate%20under%20the%20Virgin%20Media%20brand%20in%20the%20United%20Kingdom.%20Liberty%20Global%u2019s%20Board%20of%20Directors%20will%20continue%20to%20form%20the%20Board%20of%20Liberty%20Global%2C%20with%20the%20addition%20of%20one%20Virgin%20Media%20director%20to%20be%20named%20prior%20to%20the%20closing%20who%20will%20be%20a%20resident%20of%20the%20United%20Kingdom.%0D%0A%0D%0AAs%20part%20of%20the%20acquisition%2C%20Liberty%20Global%20will%20redomicile%20from%20Delaware%20to%20the%20United%20Kingdom%20by%20becoming%20a%20subsidiary%20of%20a%20new%20holding%20company%2C%20a%20UK%20plc.%20Liberty%20Global%u2019s%20current%20headquarters%20and%20other%20principal%20offices%20will%20remain%20in%20place%20and%20Liberty%20Global%20will%20be%20listed%20on%20NASDAQ.%20The%20deal%20is%20approved%20by%20the%20Boards%20of%20both%20Liberty%20and%20Virgin%20The%20transaction%20is%20subject%20to%20approval%20of%20the%20majority%20of%20shareholders%20of%20both%20Liberty%20Global%20and%20Virgin%20Media%2C%20regulatory%20approvals%2C%20antitrust%20approval%20from%20the%20European%20Commission%2C%20declaration%20of%20the%20effectiveness%20by%20the%20Securities%20and%20Exchange%20Commission%20of%20the%20Registration%20Statement%20on%20Form%20S-4%20to%20be%20filed%20by%20Liberty%20Global%2C%20approval%20for%20listing%20on%20Nasdaq%20of%20the%20shares%20of%20Liberty%20Global%20and%20other%20customary%20closing%20conditions.%20The%20transaction%20is%20expected%20to%20close%20by%20the%20second%20quarter%20of%202013.%20The%20transaction%20is%20expected%20to%20be%20accretive%20to%20free%20cash%20flow%20of%20Liberty%20Global.%20As%20on%20April%2015%2C%202013%2C%20the%20transaction%20was%20approved%20by%20The%20European%20Commission.%0D%0A%0D%0AAs%20of%20March%206%2C%202013%2C%20Virgin%20Media%20entered%20into%20an%20amendment%20under%20which%2C%20Virgin%20Media%20stock%20options%20and%20stock%20units%20granted%20in%202013%2C%20will%20not%20vest%20on%20an%20accelerated%20basis%20if%20the%20holder%20is%20subject%20to%20an%20Involuntary%20Termination.%20In%20addition%2C%20holders%20of%20converted%20stock%20options%20granted%20prior%20to%202013%20will%20have%20up%20to%20two%20years%20to%20exercise%20following%20an%20Involuntary%20Termination%20on%20or%20prior%20to%20December%2031%2C%202014%20if%20certain%20service%20criteria%20are%20satisfied.%0D%0A%0D%0AAs%20of%20May%202%2C%202013%2C%20Virgin%20Media%20intends%20that%20the%20listing%20of%20its%20ordinary%20shares%20on%20the%20official%20list%20and%20the%20admission%20of%20those%20shares%20to%20trading%20on%20the%20London%20stock%20exchange%20will%20be%20cancelled%20with%20effect%20from%207%3A00%20a.m.%20London%20time%20on%20the%20trading%20day%20immediately%20following%20on%20effective%20date.%20The%20shareholder%20meeting%20is%20scheduled%20to%20be%20conducted%20in%20early%20June%202013.%20The%20deal%20is%20expected%20to%20become%20effective%20on%20or%20about%20June%207%2C%202013.%0D%0A%0D%0AAryeh%20Bourkoff%2C%20Ehren%20Stenzler%2C%20Matt%20Feldman%2C%20Kevin%20Hong%20and%20Adam%20Judd%20of%20LionTree%20Advisors%20acted%20as%20the%20financial%20advisor%20to%20Liberty%20Global%20while%20Marisa%20Drew%2C%20John%20Trousdale%20and%20Giuseppe%20Monarchi%20of%20Credit%20Suisse%20Securities%20%28USA%29%20LLC%20acted%20as%20financial%20advisor%20and%20sole%20global%20coordinator%20and%20consent%20solicitation%20agent%20for%20the%20debt%20financing%20to%20Liberty%20Global.%20George%20Casey%2C%20Eliza%20Swann%2C%20Jeremy%20Kutner%2C%20Alan%20Goudiss%2C%20Laurence%20Bambino%20and%20Doreen%20Lilienfeld%20of%20Shearman%20%26%20Sterling%20and%20Jane%20Rogers%20of%20Ropes%20%26%20Gray%20acted%20as%20the%20legal%20advisors%20to%20Liberty%20Global.%20Goldman%20Sachs%20%26%20Co.%20and%20David%20Lomer%2C%20Chris%20Ventresca%2C%20and%20Ben%20Berinstein%20of%20J.P.%20Morgan%20Securities%20LLC%20acted%20as%20financial%20advisors%20to%20Virgin%20Media.%20Tim%20Peterson%2C%20Russell%20Jacobs%2C%20Mark%20Stamp%2C%20Suhrud%20Mehta%20and%20Alan%20Stone%20of%20Milbank%2C%20Tweed%2C%20Hadley%20%26%20McCloy%20LLP%20acted%20as%20legal%20advisors%20to%20Virgin%20Media.%20Goldman%20Sachs%20International%20acted%20as%20corporate%20broker%20to%20Virgin%20Media.%20Matt%20Ridsdale%20and%20Lulu%20Bridges%20of%20Tavistock%20Communications%20acted%20as%20the%20public%20relations%20advisors%20to%20Virgin%20Media%20in%20the%20transaction.%20Stanislas%20Neve%20de%20Mevergnies%20of%20Brunswick%20New%20York%20acted%20as%20the%20public%20relations%20advisor%20to%20Libery%20Global.%20Suyong%20Kim%2C%20Duncan%20Buchanan%2C%20Louise%20Whitewright%2C%20and%20Alan%20Greenough%20of%20Hogan%20Lovells%20International%20LLP%20acted%20as%20legal%20advisors%20for%20Liberty%20Global.%20Scott%20Colwell%2C%20Tracy%20Edmonson%2C%20Rich%20Trobman%2C%20Sean%20Finn%2C%20Jiyeon%20Lee-Lim%2C%20Mark%20Gerstein%2C%20
The%20Board%20of%20Directors%20of%20Liberty%20Global%20Inc.%20%28NasdaqGS%3ALBTY.A%29%20authorized%20a%20share%20repurchase%20program%20on%20December%2014%2C%202012.%20Under%20the%20plan%2C%20the%20company%20will%20repurchase%20up%20to%20%241%20billion%20worth%20of%20its%20common%20stock.%20The%20company%20may%20acquire%20from%20time%20to%20time%20its%20Series%20A%20common%20stock%2C%20Series%20C%20common%20stock%2C%20or%20any%20combination%20of%20Series%20A%20and%20Series%20C%20common%20stock.%20The%20stock%20repurchase%20program%20may%20be%20effected%20through%20open%20market%20transactions%20and/or%20privately%20negotiated%20transactions%2C%20which%20may%20include%20derivative%20transactions.%20The%20program%20may%20be%20implemented%20by%20brokers%20for%20the%20company%20within%20certain%20pre-set%20parameters%20and%20purchases%20may%20continue%20during%20closed%20periods%20in%20accordance%20with%20applicable%20restrictions.%20The%20program%20may%20be%20suspended%20or%20discontinued%20at%20any%20time.%20The%20timing%20of%20the%20repurchase%20of%20shares%20will%20depend%20on%20a%20variety%20of%20factors%2C%20including%20market%20conditions.%20The%20company%20has%20an%20intention%20to%20utilize%20this%20authorization%20during%202013.%20As%20of%20March%2031%2C%202013%2C%20the%20company%20has%20repurchased%20%24138.20%20million%20worth%20of%20shares.
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mm/dd/yyyyDate Range for Stats (05/18/2013 to 05/18/2013)
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-- High-- Low## % Change |
0 Number of Dividends Paid-- Average Dividend Paid$0.00 Dividends Paid Per Period |
0 Splits16 Transactions365 Days In Range |
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| LBTYB:US | $76.89 USD | 0.00 |  |
COMPETITOR HISTORICAL STOCK QUOTES
| Company | % Change | ||
| Belgacom SA | -- | €17.65 EUR | -- |
| Cablevision Syst... | -- | $15.43 USD | -- |
| Frontier Communi... | -- | $4.42 USD | -- |
| Koninklijke KPN ... | -- | €1.67 EUR | -- |
| Level 3 Communic... | -- | $22.84 USD | -- |
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