Benzinga | Sep 11, 2020 05:48AM EDT

Next Private B.V. Agrees to Acquire Altice Europe for 4.11/Share in Cash

Altice Europe (AEX:ATC) (AEX:ATCB) (NYSE:ATUS) and the Offeror are pleased to announce that a conditional agreement (the "Merger Agreement") has been reached on a recommended public offer (the "Offer") to be made by the Offeror for all common shares A and common shares B in the capital of Altice Europe (each a "Share") for EUR 4.11 in cash per Share (cum dividend) (the "Offer Price"). This represents a total consideration of approximately EUR 2.5bn. Following the Offer, the Offeror wishes to delist Altice Europe (the "Delisting", together with the Offer and, to the extent relevant, any Post-Offer Restructuring (as defined below) with a view of obtaining 100% of the Shares, the "Transaction"). The Transaction will enable Altice Europe to further enhance the sustainable and long-term success of its business under the private ownership of the Offeror. The board of Altice Europe (the "Board") believes the Transaction is in the best interest of Altice Europe, its employees, customers, shareholders, debt providers and other stakeholders.

Agreement on Recommended All-Cash Offer of EUR 4.11 Per Share for All Common Shares A and Common Shares B in the Capital of Altice Europe by Next Private B.V. | wallstreet-online.de - Vollstndiger Artikel unter: https://www.wallstreet-online.de/nachricht/12921000-agreement-on-recommended-all-cash-offer-of-eur-4-11-share-for-all-common-shares-a-and-common-shares-b-the-capital-of-altice-europe-by-next-private-b-v