Altice returns with substantially better offer to buy out remaining SFR shareholders.
After 11 months since Altice’s first offer to acquire the shares of SFR it didn’t already own, it is back with a substantially better offer. Its original offer valued SFR’s stock at EUR 24.98 per share based on the value of Altice shares at the time, which it was using to acquire SFR. This offer was pulled after the French securities regulator, the Autorite des marches financiers, opposed the transaction. We were pleased to see the deal collapse, because we felt it significantly undervalued SFR-...
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