 Shares in Sunrise Communications soared more than 26 on Wednesday, to hit a record high after John Malones Liberty Global launched an all-cash takeover offer for the Swiss telecoms business in a deal valued at SFr6.8 billion 7.4 billion, including debt. Denver-based Liberty Global LBTYA will pay SFr110 to acquire Sunrise CH:SRCG representing a 28 premium to the Swiss telecom companys closing share price of CHF86.20 on Tuesday. The deal will be funded from Liberty Globals cash reserves and debt. 