Takeover offer for Sunrise: all the advisors
Liberty Global published the pre-announcement in relation to its public tender offer for all publicly held shares of Sunrise Communications Group. The offer price of CHF 110 per Sunrise Share represents a premium of 32% to the 60-day volume-weighted average share price prior to the pre-announcement and values Sunrise’s equity at CHF 5.0 billion, representing a total enterprise value of CHF 6.8 billion. The Board of Directors of Sunrise unanimously resolved to recommend the offer for acceptance. The offer is expected to be launched before end of August, 2020.
Lenz & Staehelin is advising Sunrise in this transformational transaction. The team includes partners Hans-Jakob Diem (pictured left) and Tino Gaberthüel (both Corporate), Patrick Schleiffer (Capital Markets), Marcel Meinhardt and Astrid Waser (both Regulatory/Antitrust), as well as associates Simone Ehrsam, Lukas Held, Ann Weibel and Federico Trabaldo Togna (all Corporate), Patrick Schärli (Capital Markets), Damian Joho and Sandro Travaglini (both Regulatory/Antitrust).