Report
Melek Laabidi

Altice Europe : Patrick Drahi offers € 4.11 per share for Altice. We recommend tendering to the offer

>Patrick Drahi offers € 4.11 per share for Altice - Altice announced on Friday that it had reached an agreement with Next Alt (holding company owned by Patrick Drahi) for a minority buyout at € 4.11 for Class A and B shares, i.e. a premium of 23.8% vs the last quoted share price. Unsurprisingly, the board accepted this offer that should close by Q1 2021. Altice must reach a threshold of 95%. However, being domiciled in the Netherlands, there are ways to delist the min...
Underlying
Altice Europe NV Class A

Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Melek Laabidi

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