Liberty Global Inc. (Nasdaq: LBTYA, LBTYB, LBTYK) has acquired a stake in cable operator Ziggo NV for €632.5 million (U.S. $810.56 million)
The purchase price works out to about $32 per share. The shares were trading at about $26 before teh deal was announced. Liberty bought the 12.65 percent stake from Barclays Capital Securities Ltd. The company said the purchase price was attractive because Ziggo is expecting to pay a $474 million in dividends to shareholders in 2013.