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Altice Europe set to delist next week

The ongoing saga of the attempt by French billionaire Patrick Drahi to take Altice Europe private looks set to enter its final chapter next week. Next Private, the vehicle being used by Drahi to buy out minority shareholders of the indebted telecoms company, announced that the offer for Altice Europe is "unconditional" and said about 90.89% of shares not already owned by Next Private have been tendered. Once the offer has been settled at a price of €5.35 (US$6.52) per share, with an aggregat...
Franche Comter Dominican Republic Noord Holland Altice Europe Patrick Drahi Next Private

Next Private: Transfer of Altice Europe Shares

Next Private: Transfer of Altice Europe Shares Next Private") and Next Alt S.à r.l. (" Next Alt"), pursuant to the provisions of Section 13, paragraphs 1 and 2 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft), in connection with the public offer by Next Private for all issued and outstanding common shares A and common shares B in the capital of Altice Europe N.V. (" Altice Europe"). This press release does not constitute an offer, or any solicitation of any offer, t...
Dennis Okhuijsen Altice Europe Patrick Drahi Next Alt Dutch Decree Public Takeover Bids

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Drahi Raises Offer for Altice Telecoms By 30% after Legal Threat

Drahi Raises Offer for Altice Telecoms By 30% after Legal Threat PUBLISHED BY French telecoms billionaire Patrick Drahi was forced to up his offer to buy out minority stockholders in the Amsterdam-based Altice Europe, after hedge funds threatened to take him to courts over the price. Drahi already has a 78 percent stake in Altice Europe. He offered a 24 percent premium on the share price in September to take the telecoms company private. Altice Europe’s board approved the share price. A numb...
Noord Holland Boussard Gavaudan Altice Europe Patrick Drahi Patrick Drahi Altice Europe Telecom Enterprise Chamber

UPDATE 1-Altice Europe founder raises offer to take company private

By Reuters Staff (Adds background) PARIS, Dec 16 (Reuters) - The founder of Altice Europe NV , Patrick Drahi, has raised his offer to take the telecoms company private, to 5.35 euros ($6.53) per share from 4.11 euros, he said on Wednesday. A company statement said that shareholders including Boussard & Gavaudan, Elliott, LB Partners, Lucerne and Sessa, have committed to tender their shares under the new proposal. “This revised offer represents a significant increase in price, demonstrating th...
France General Noord Holland Boussard Gavaudan David Goodman Altice Europe Patrick Drahi

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