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Belgian telecommunications company Telenet has announced the reopening of the acceptance period for Liberty Global’s offer to purchase all remaining minority shares in the group. Shareholders now have until September 13th to accept the offer of 21 euros per share from the U.S. cable group.

During the initial acceptance period, which ended last month, Liberty Global acquired 93.43% of Telenet shares. This reopening of the acceptance period provides an opportunity for remaining shareholders to consider the buyout offer and make their decision accordingly.

It is worth noting that Telenet is a significant player in the Belgian telecommunications market, providing a range of services including cable television, broadband internet, and mobile telephony. As part of Liberty Global, Telenet benefits from its global presence and expertise in the telecommunications industry.

The decision to reopen the acceptance period demonstrates Liberty Global’s commitment to fully acquiring Telenet and solidifying its position in the Belgian market. This move aligns with Liberty Global’s broader strategy of expanding its presence in key telecommunications markets worldwide.

Both Telenet and Liberty Global are well-respected names in the telecommunications industry, and this potential buyout signifies a significant development in the market. As shareholders evaluate the offer, the outcome will shape the future of Telenet and the telecommunications landscape in Belgium.

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