Sunrise's $6.4 bln takeover of UPC teeters as rights issue collapses
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ZURICH (Reuters) - Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.It cancelled an extraordinary shareholder meeting (EGM) planned for Wednesday to approve the 2.8 billion franc cash call, avoiding an embarrassing defeat on the measure, although it did not formally call off the takeover deal."The board of directors of Sunrise has..