Liberty Global Ltd. (LBTYA): M&A transaction — Liberty Global completes spin-off of Sunrise; shares begin trading Nov 13/15

Liberty Global Ltd.

Spin-off of Swiss subsidiary Sunrise completed Nov 8, 2024; Sunrise becomes independent public company.
Distribution: 1 Sunrise Class A ADS per 5 Liberty Global Class A/C shares; 2 Class B ADS per 1 Liberty Global Class B share.
Sunrise ADSs trade on Nasdaq Nov 13 under 'SNRE'; common shares on SIX Swiss Exchange Nov 15 under 'SUNN'.
Liberty Global retains ops in Belgium, Ireland, Slovakia, UK, Netherlands; CEO Mike Fries becomes Sunrise Chairman.
Post-spin-off shares outstanding: 68.8M Sunrise Class A and 26.0M Class B.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Liberty Global Ltd. completed a disposition (closed 2024-11-08).

Action: disposition
Closing: 2024-11-08

Exact text from the filing

On November 8, 2024, Liberty Global Ltd. ("Liberty Global") completed the previously announced spin-off (the "Spin-off") of its former wholly owned subsidiary Sunrise Communications AG ("Sunrise"), following a series of transactions that resulted in the transfer to Sunrise of Liberty Global's Swiss telecommunications operations.

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Liberty Global Ltd. filing history →

Source: SEC EDGAR

accession 0001570585-24-000317

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