On August 12, 2020, Liberty Global plc announced that it plans to acquire 100% of Sunrise Communications Group AG (Sunrise) via an all-cash public tender offer for all publicly held shares of Sunrise, valuing Sunrise's equity at CHF 5.0 bn. Sunrise's board of directors has announced that it has unanimously resolved to recommend the offer. Freenet AG, Sunrise's largest shareholder with 24.4% of the capital, has agreed to tender its shares into the offer. The offer is expected to be launched before end of August, 2020.
Homburger AG is advising Liberty Global on the transaction. The Homburger team is led by partners Daniel Daeniker and Daniel Hasler (Corporate | M&A) and comprises partners Richard Stäuber, Franz Hoffet (both Competition | Regulatory), Stefan Oesterhelt (Tax), Luca Dal Molin and Roman Baechler (both IP | IT), counsel Micha Fankhauser (Corporate | M&A), associates Daniel Häusermann, Karin Mattle, Mirko Stiefel and Stefan Luginbühl (all Corporate | M&A), Yves Bianchi and Jonas Krull (both Competition | Regulatory), David Borer (Banking and Finance), Marc Vogelsang and Raphaël Fellay (both Tax), Kirsten Schmidt (IP | IT), as well as junior associates Cédric Berger, Géraldine Danuser and Daniel Madani (all Corporate | M&A).