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Liberty Global to Buy Sunrise for $5.4 Billion

Aug.12 -- Liberty Global Plc. has agreed to buy Sunrise Communications Group AG in a deal that values the Swiss phone carrier at about $5.4 billion. The cable giant offered $110 Swiss francs per share, which is a 28% premium to Sunrise’s closing share price on Tuesday. Bloomberg’s Dave McCombs reports on “Bloomberg Daybreak: European Open.”