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Altice offers €2.4bn to take full control of SFR for more streamlined structure

Connectivity BusinessbyConnectivity Business
September 6, 2016
in Investments, Space Services
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Billionaire Patrick Drahi’s Altice has announced plans to simplify its ownership structure through an exchange offer for the outstanding 22.25% stake in French telecoms unit SFR it does not already own. The offer, which corresponds to a value of about €24.72 (US$27.76) per SFR share, represents a 2.6% premium to Friday’s close. It values the transaction at about €2.4bn (US$2.7bn), […]

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Tags: 2ConnectAccuracyAlticeAltice USABNP ParibasBredin PratDe BrauwEuropeJPMorgan ChaseMayer BrownOrangePerella Weinberg PartnersPremiumSFRSFR BelgiumTF248
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