Liberty Global to Acquire 100% of Sunrise Communications Group by Tender Offer

On 12 August 2020, Liberty Global plc announced that it plans to acquire 100% of Sunrise Communications Group AG (Sunrise) via an all-cash public tender offer for all publicly held shares of Sunrise, valuing Sunrise’s equity at CHF 5.0 billion. Sunrise’s board of directors has announced that it has unanimously resolved to recommend the offer. Freenet AG, Sunrise’s largest shareholder with 24.4% of the capital, has agreed to tender its shares into the offer.