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

ALTICE EUROPE (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 CEST

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

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE -3.44% 2.973 Delayed Quote.-66.01%
SFR GROUP 0.00%-End-of-day quote.28.59%
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Financials (€)
Sales 2018 14 266 M
EBIT 2018 1 094 M
Net income 2018 -279 M
Debt 2018 32 099 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 2,59x
EV / Sales 2019 2,54x
Capitalization 4 881 M
Chart ALTICE EUROPE
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Altice Europe Technical Analysis Chart | ATC | NL0011333752 | 4-Traders
Technical analysis trends ALTICE EUROPE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 4,25 €
Spread / Average Target 38%
EPS Revisions
Managers
NameTitle
Dexter G. Goei Chief Executive Officer & Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Dennis Okhuijsen Chief Financial Officer & Executive Director
Scott Matlock Independent Non-Executive Director
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