All of the publicly-held shares of Swiss full-service provider Sunrise Communications have now been cancelled following the operator’s takeover by rival operator UPC, Sunrise has confirmed in a statement. The de-listing of the shares had been conditionally approved by the SIX Swiss Exchange in December last year after UPC initiated a squeeze-out to take full ownership of Sunrise following the completion of its public tender offer in November 2020, which had given the buyer more than 98% of Sunrise’s shares. Holders of the cancelled shares will be paid CHF110 (USD118.7) per cancelled share, with the amount corresponding to the price paid by UPC in its public offer.