Investor revolt scuppers Sunrise's $6.4 billion Liberty Global deal
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ZURICH (Reuters) - Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.The Swiss telecommunications group had battled to save the deal in the face of opposition from its biggest shareholder, Germany's Freenet that holds 25% of its stock.Sunrise will now focus on going it alone, its top managers said, stressing that its dividend was not at risk from a 50 million..