Liberty Global (LBTYA) NewsBite - LBTYA Buys Unitymedia

Posted: Friday, November 13, 2009 11:24 AM EDT

Liberty Global (NasdaqNM: LBTYA) opened at $20.71. So far today, the stock has hit a low of $20.32 and a high of $21.25. LBTYA is now trading at $21.00, down $2.10 (-9.09%). Over the last 52 weeks the stock has ranged from a low of $9.11 to a high of $25.27. LBTYA announced this morning that it will acquire media GmbH, the second largest cable operator in Germany, in a deal worth $5.2 billion. Technical indicators for the stock are bullish and S&P gives LBTYA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LBTYA the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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