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335 N Juniper St, North Liberty, IA 52317
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335 N Juniper St, North Liberty, IA 52317 – Video
GTA IV | CONTROLANDO LIBERTY CITY #1 | Hivan Conhache
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(Reuters) – Kabel Deutschland – Germany’s biggest cable operator – confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global Plc after a British newspaper reported that the company had put forward a 7.5-billion-euro bid for the company.
Kabel Deutschland did not provide any details of the proposal.
A spokesman for Liberty Global confirmed that the company had made a preliminary approach but declined to comment further.
The Financial Times reported that the offer by Liberty Global, owned by American cable television magnate John Malone, is at about 85 euros per share, citing people familiar with the talks.
Liberty Global’s offer sets the stage for a bidding war with Vodafone Group Plc, which last week confirmed that it made an offer to buy Kabel Deutschland but did not provide any details.
Reuters reported on June 14 that Vodafone, the world’s second-biggest mobile operator, was considering raising its offer for Kabel Deutschland after an initial 7.2 billion euro bid was knocked back by Kabel Deutschland.
Liberty Global, which operates as Unity Media in Germany, is the number two cable operator in the country and a potential offer would meet scrutiny from competition authorities.
Liberty Global bought UK’s Virgin Media in February in a cash and stock deal that valued Virgin’s equity at $15.8 billion.
(Reporting by Abhirup Roy in Bangalore; Additional reporting by Harro Ten Wolde and Paul Sandle; Editing by Leslie Adler, Bernard Orr)
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Kabel Deutschland confirms preliminary offer from Liberty Global
Liberty Mutual Holding Co., the third-largest seller of property-casualty coverage in the U.S., hired Colin Dowling to lead its public affairs office in Washington as policy makers weigh capital standards and laws on terrorism protection.
Dowling joins from Citigroup Inc. (C) where he was a managing director, running state and local government-affairs programs, according to a Business Wire statement today from Boston-based Liberty Mutual.
U.S. and international lawmakers are scrutinizing the balance sheets of the largest financial companies as they seek to avoid a repeat of the 2008 rescues required to prop up banks and insurers such as American International Group Inc. Policyholder-owned Liberty Mutual, which didnt take a bailout from the U.S. Treasury Department, said its government-relations group is also evaluating possible changes in laws about taxes, trade and terrorism.
At a time of increasing convergence of state, federal and international policy initiatives, Colins broad experience at both the state and federal levels and across the insurance and banking sectors, makes him an ideal person to run the Washington office, Paul Mattera, the insurers chief public affairs officer, said in the statement.
Mark Costiglio, a spokesman for New York-based Citigroup, declined to comment.
To contact the reporter on this story: Megan Hickey in New York at Mhickey18@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net
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Liberty Mutual Hires Citigroup’s Dowling in Washington
BOSTON–(BUSINESS WIRE)–
Liberty Mutual Insurance today announced that S. Colin Dowling will lead the companys Public Affairs office in Washington, DC as Vice President for Federal Affairs. Mr. Dowling brings extensive public affairs experience to Liberty Mutual having held senior management positions at Travelers, where he served as a senior federal lobbyist, and most recently at Citigroup where, as managing director, he ran a large and highly successful state and local government affairs program.
Colin is an experienced public affairs officer with deep knowledge of the industry, said Liberty Mutual Insurance President and CEO David H. Long. He will add to an already strong Public Affairs team at Liberty Mutual.
Paul Mattera, senior vice president and chief public affairs officer added, At a time of increasing convergence of state, federal and international policy initiatives, Colins broad experience at both the state and federal levels and across the insurance and banking sectors, makes him an ideal person to lead our D.C. office.
Tax reform, global regulatory initiatives, trade, and terrorism risk insurance all present policy challenges,” said Mr. Dowling. Im excited to join one of the best public affairs shops in Washington to continue their record of leading the industry on these pressing public policy issues.
About Liberty Mutual Insurance
“Helping people live safer, more secure lives” since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, group life, reinsurance, surety, individual life and annuity products. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.
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Liberty Mutual Insurance Names Colin Dowling to Lead its Washington D.C. Public Affairs Office
In case you haven’t noticed, there are some serious consolidation efforts going around the cable and telecom industries. On one end, there are satellite TV providers chasing spectrum as if it’s the gold rush of 1849. Now, it appears that Time Warner Cable (NYSE: TWC) may be courting Liberty Media (NASDAQ: LMCA) for a merger in an attempt to leverage Charter Communications’ (NASDAQ: CHTR) highly coveted network. Let’s determine who is the biggest winner in this latest media M&A dance, and where you should be putting your funds.
The playersCharter Communications is not as big a name as, say, Comcast, but it is the fourth-largest cable provider in the United States, at least by market cap. The company was recently beleaguered and underwater financially (entering bankruptcy in 2009), but has since become a market darling, largely fueled by buyout speculation. John Malone’s Liberty Media currently holds a 27% position in the company, with the ability to gain as much as 40%.
As a traditional cable operator in a heavily disrupted cable and telecom environment, Time Warner Cable has shown a successful adaptability since being spun off from its parent company. But with major telecoms and tech companies quickly building out high-speed networks that can package TV, Internet, and phone all in one, Time Warner Cable is on the hunt for an affordable way to catch up.
Finally, Liberty Media is a company ripe for merger, according to Malone. The company’s strong balance sheet and attractive assets make it a small but valuable firm with a top-notch management team — especially in the cable space. Prior to Liberty Media, John Malone owned Tele-Communications, which was sold to AT&T and was at one time the largest cable operator in the United States.
Last week, CNBC reported that TWC and Liberty Media had engaged in merger talks, with Charter as a center point of the discussion.
If it happens; if it doesn’t happenWhile last week’s news had Time Warner up almost 10 points in trading, some analyst doubt on Tuesday brought the heat down a few degrees. The truth is, the merger would make sense for both parties, but would be most beneficial to Time Warner Cable.
The overall winner, however, is Liberty Media. The company is in great shape, with a majority stake in Sirius XM that it can easily make gains from. In addition, the company has a big stake in the world’s largest concert promoter, Live Nation, and owns the Atlanta Braves.
Liberty shareholders will get a quick reward in the case of a merger with Time Warner Cable, but I believe capital appreciation and/or a buyout (and thus capital appreciation) will occur regardless of this deal. While Malone has polarized some with a difficult, shark-like business presence, he is without doubt one of the most talented capital allocators in the media industry. Liberty’s CEO Greg Maffei is a smart manager as well, having successfully spun off premium cable TV company Starz and significantly rewarded shareholders along the way.
Whether the merger goes through or not, Liberty should be the focus of this trio.
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Time Warner Cable to Wed Liberty Media?
TUCSON, Ariz.–(BUSINESS WIRE)–
Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCQB) is pleased to announce that the current ZTEM flight plan has been expanded from 786.3 line kilometers (@200 m line spacing) to 1805 line kilometers (@200 m and @400 m line spacing). The 786.3 km @200 m line spacing is over Hay Mountain proper and other critical areas, while the 400 km line spacing is related to reconnaissance surveying over prospective ground. This has resulted in more than double the size of the survey area and a reduction in the cost per flight kilometer of about 11%. This survey now covers the entire Tombstone caldera east of the San Pedro River, Cochise County, Arizona.
The fixed wing overflight (NR 151) has commenced over the Hay Mountain property as of Monday morning, June 17th, 2013.The flight line readings will investigate the geophysical response as a single block measuring the surveyed area.According to Geotech, their proprietary receiver design using the advantages of modern digital electronics and signal processing delivers exceptionally low-noise levels. The result is unparalleled depth of investigation in precision electromagnetic measurements with a geophysical measurement every 8.5 meters along the lines and a penetration of approximately 6,000 feet below the land surface. Liberty Stars target elements are gold, copper, moly, silver, rare earth metals, lead and zinc, along with other byproduct metals occurring in a porphyry gold copper environment, as indicated by Liberty Stars detailed geologic and geochemical survey results (NR 127).
ZTEM Update:
As of June 17th Geotech staff reports that testing at its recoding base on Federal land within the Hay Mountain area is completed. The US Army base at Ft Huachuca granted permission for test flights this past Saturday and Sunday, June 15th and 16th. All the test flights proved satisfactory: data collection overflights commenced on Monday, June 17th.The speed of completion of the survey will be dependent on how many flying hours are available each day.This is now monsoon season in southeast Arizona, and the survey craft cannot be flown during periods of turbulent air due to heat and thunderstorms.Flights will start at daybreak and terminate either at dusk or when turbulence is encountered.
James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our exploration plans, that ZTEM will be flown over the Hay Mountain and other critical areas. Factors which may delay or prevent these forward-looking statements from being realized include: we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; there may be cost overruns; misinterpretation of data is possible; and we may be unable to continue exploration due to permitting requirements, weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Companys recent 10-K and the Companys other periodic reports filed from time to time with the Securities and Exchange Commission.
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Liberty Star’s Hay Mountain ZTEM Program Expanded & Flight Commenced
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