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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Altice    ATC   NL0011333752

ALTICE (ATC)
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Altice : to file a buyout offer for SFR Group in September

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08/15/2017 | 02:06pm CET

Amsterdam-listed Altice Group (Altice NV, headed by French entrepreneur Patrick Drahi) has announced its intention to file a buyout offer followed by a squeeze-out for the remaining SFR Group shares for a price of USD34.50 per share in September 2017, after inking several agreements which ensure that it holds 95.9% of the share capital and voting rights of the French group (via exchanges against Altice NV Class A common shares). Pursuant to the applicable French regulation, SFR Group’s board of directors will issue a reasoned opinion on the contemplated offer, on the basis of the report of an independent expert evaluating the financial conditions of such offer, with Finexsi appointed to undertake the task.

TeleGeography notes that Altice Group owned 84% of SFR Group previously, with 0.14% of the shares held by other members of the board. The remainder of the group capital was floated on the Paris Stock Exchange (Euronext).

(c) 2002-2017 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 23 659 M
EBIT 2017 2 757 M
Net income 2017 -655 M
Debt 2017 50 330 M
Yield 2017 0,42%
P/E ratio 2017 -
P/E ratio 2018 20,96
EV / Sales 2017 2,75x
EV / Sales 2018 2,69x
Capitalization 14 784 M
Chart ALTICE
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Altice Technical Analysis Chart | ATC | NL0011333752 | 4-Traders
Technical analysis trends ALTICE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 20,2 €
Spread / Average Target 120%
EPS Revisions
Managers
NameTitle
Michel Combes Chief Executive Officer & Director
Dexter G. Goei President & Executive Director
Jurgen van Breukelen Chairman
Dennis Okhuijsen Chief Financial Officer & Executive Director
Bruno Zerbib Chief Technology Officer
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