Hengeler Mueller advises freenet on Sunrise takeover by Liberty Global
12. August 2020
Liberty Global plc ("Liberty Global") announced today the intention to submit a voluntary cash tender offer for all publicly held shares of Sunrise Communications Group AG ("Sunrise") at a cash purchase price of CHF 110 per Sunrise share. For this purpose, Liberty Global und Sunrise have entered into a transaction agreement. freenet AG ("freenet") and Liberty Global entered into a tender undertaking pursuant to which freenet agreed to tender its 24.42 percent equity stake (11.05 million shares) into the offer.
Hengeler Mueller advised freenet in an integrated team together with Swiss firm Bär & Karrer on the transaction. The team included partners Albrecht Conrad (M&A/TMT), Stefan Richter and Kai-Steffen Scholz (both Capital Markets) (all Berlin) and for Bär & Karrer Dieter Dubs (partner, Capital Markets).