Shearman & Sterling is advising Liberty Global in connection with its modified Dutch auction tender offers, which commenced on August 12, 2019.  In the tender offers, the company is offering to purchase up to $2.5 billion of its ordinary shares from its shareholders, consisting of up to $625 million of its Class A shares at a price not greater than $29.00 and not less than $25.25 per Class A share, and up to $1.875 billion of its Class C shares at a price not greater than $28.50 and not less than $24.75 per Class C share.