Norges Bank Investment Management, Telenet's fourth-largest shareholder with a 4% stake, rejects...

|By:, SA News Editor

Norges Bank Investment Management, Telenet's fourth-largest shareholder with a 4% stake, rejects Liberty Global's  (LBTYA) €35/share offer to buy the 49.8% of the Belgian cable operator that it doesn't already own. Liberty has said it won't raise its bid despite an independent analysis valuing Telenet at €37-42/share.