Liberty Media said it was extending deadline on its offer to buy ...
Liberty Media said it was extending deadline on its offer to buy bigger share of debt of Telewest of Britain, citing shareholder lawsuit alleging that Liberty Media and CEO John Malone had made false and misleading statements in offer.…
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Expiration of offer was extended to end of business July 19. It had been scheduled to expire July 11. Liberty Media also amended offer to allow Telewest shareholders to withdraw at any time before expiration date. Lawsuit filed in U.S. Dist. Court, Manhattan, said offer was illegal and shareholders involved were seeking preliminary injunction to block it.