Altice Europe set to delist next week : vimarsana.com

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 aggregate value of over €3.1 billion ($3.78 billion), Drahi will own 95.11% of the listed shares. Overall, he will own 92.02% of the total issued share capital of Altice Europe.

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