Activist investor AOC opposes Sunrise takeover of Swiss UPC
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ZURICH (Reuters) - Activist investor Active Ownership Capital (AOC) has joined the ranks of shareholders that oppose Sunrise Communications' planned 6.3 billion Swiss franc (5.16 billion pounds) takeover of Liberty Global's UPC Swiss cable operator."We think the transaction is 2-2.5 billion Swiss francs too expensive. Sunrise should massively renegotiate with Liberty or even better drop the deal," AOC founding partner Florian Schuhbauer told Reuters in an interview on Thursday. AOC has a stake..