secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Global Ltd. (LBTYA)
CIK:        0001570585
Form:       8-K/A
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001570585-24-000372
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01, 2.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Global closes Sunrise spin-off; pro forma shows $1.30 loss per share from continuing ops in 9M 2024
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- Pro forma total assets post-spin-off $26.1B, down from $41.8B historical, removing Sunrise operations.
- Pro forma loss from continuing ops for 9M ended Sep 30, 2024: $433.9M; diluted EPS loss $1.30.
- Pro forma loss from continuing ops for FY2023: $3,653.9M; diluted EPS loss $9.00.
- Tax opinion confirms spin-off qualifies as tax-free reorganization under Section 368(a)(1)(D).
- Liberty Global contributed CHF 1,313.1M ($1,555.0M) to Sunrise and settled related-party notes before spin-off.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570585/000157058524000372/0001570585-24-000372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570585/000157058524000372/lbtya-20241108.htm
  HTML page:      https://secwatch.observer/filing/0001570585-24-000372

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