By Devika Patel
Knoxville, Tenn., Nov. 16 - Liberty Global, Inc. arranged a $128.25 million private placement of stock on Nov. 12, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company will sell 4.5 million series A common shares and 1.5 million series C common shares at $21.375 per share to SPO Advisory Corp.
Goldman Sachs is the agent.
Proceeds will be used to help finance the company's planned €2 billion acquisition of Unitymedia GmbH and for general corporate purposes.
Liberty is a Denver-based broadband company.
| Issuer: | Liberty Global, Inc.
|
| Issue: | Common stock
|
| Amount: | $128.25 million
|
| Shares: | 6 million (4.5 million series A common shares and 1.5 million series C common shares)
|
| Price: | $21.375
|
| Warrants: | No
|
| Agent: | Goldman Sachs
|
| Investor: | SPO Advisory Corp.
|
| Pricing date: | Nov. 12
|
| Stock symbol: | Nasdaq: LBTYA
|
| Stock price: | $23.10 at close Nov. 12
|
| Market capitalization: | $5.69 billion
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
