Article: Chile : Liberty Global offers US$260mn for 20% outstanding shares in VTR.

Byline: pinto03

Cable TV and media group Liberty Global (Nasdaq LBTYA) has offered US$260mn for the remaining 20% it does not own in Chilean triple play company VTR, according to a filing sent to Chile's securities regulator SVS.

Local conglomerate Cristalerias de Chile, part of the Chilean financial group Claro, currently owns the 20%. On September 3, local brokerage Celfin Capital offered 167bn pesos (US$303mn) for the stake. The offer was accepted by Cristalerias de Chile.

However, according to the filing, a shareholders agreement between Grupo Claro and Liberty Global dating back to 2005 obliges Claro to give Liberty first choice in buying ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!