Sep 11, 2020
Altice shares soar on founder Drahi's buyout offer
Altice shares soar on founder Drahi’s buyout offer
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PARIS : Altice Europe’s billionaire founder Patrick Drahi has offered to buy all the shares he does not already own in the telecoms and cable group, in a deal valuing the group at 4.9 billion euros ($5.8 billion).
Drahi, the largest shareholder in Altice, which is behind mobile phone operator SFR in France, will offer 4.11 euros a share in cash, representing a premium…
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