Liberty Global PLC announced the final results of its modified Dutch auction tender offer to purchase about $2.7 billion of its ordinary shares.
Liberty Global accepted for purchase 24,004,073 class A shares at $27.50 per class A share, and 75,428,032 class C shares at $27.00 apiece, through Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc., both of which are acting as principal.
The class A shares and class C shares represent all such shares properly tendered and not properly withdrawn at or below $27.50 per class A share and $27.00 per class C share and no proration will apply for either class, the company said Sept. 12.
The total number of shares accepted for purchase includes an additional 1,276,801 class A shares and 5,983,588 class C shares pursuant to Liberty Global's right to increase the number of shares acquired by no more than 2% of the respective shares outstanding, without amending or extending the tender offers.
The class A shares accepted for purchase represent approximately 11.71% of outstanding class A shares, and the class C shares accepted for purchase represent approximately 14.70% of the outstanding class C shares as of Sept. 9.
Innisfree M&A Inc. is the information agent for the tender offer. The depositary for the tender offer is Computershare Trust Co. NA. Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc. are dealer managers for the offer.
