Sunrise said it now aims to raise 2.8 billion francs in the share sale, 1.3 billion less than previously planned, shifting more of the financing burden to debt holders. It said the purchase of UPC from Liberty Global Plc would bring merger benefits worth 3.1 billion francs.
Sunrise said it now aims to raise 2.8 billion francs in the share sale, 1.3 billion less than previously planned, shifting more of the financing burden to debt holders. It said the purchase of UPC from Liberty Global Plc would bring merger benefits worth 3.1 billion francs.
"Today’s enhancements to the initially proposed terms reflect the feedback from our shareholders, ” Sunrise Chief Executive Officer Olaf Swantee said in a statement Monday. "We are now looking forward to moving swiftly towards completion of the transaction.”
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