Wunderlich Securities Provides Color on Liberty Global

Wunderlich Securities provided color on Liberty Global LBTYA. In a research report, Wunderlich discussed German request that the EU should review Liberty's proposed acquisition of KBW KBW. In the report, Wunderlich states, "The German government indicated yesterday morning that it is seeking to review the proposed LBTYA acquisition of KBW. The EU is generally perceived to be the more friendly forum, given the pro-cable posture of EU Competition Commissioner Neelie Croes. However, with Deutsche Telecom (DT-NR) as the main competitor, approval still seems reasonable. Liberty also retains material economic upside on the deal through its Total Return Swap arrangement with JP Morgan (JPM-NR)." On Tuesday, Liberty lost 1.69% of its value to close the day at $44.76, while KBW gained 1.15% to finish the day at $21.02.