Altice Offers Exchange for All SFR Shares It Doesn't Already Own; We Believe Offer Undervalues SFR
On 5 September 2016, Altice offered 8 shares of its stock for every 5 shares of SFR that it doesn't already own (22.5% of the company). We think this deal significantly undervalues SFR's stock. At the EUR 15.61 price Altice's shares are trading at, it values SFR's shares at EUR 24.98 versus our fair value estimate of EUR 37. With SFR's stock trading at EUR 25.76, the market assumes Altice's shares will rise further as the market recognizes the value it is gaining from this ratio or Altice will n...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.