Altice holds 95% of SFR and will withdraw the trader

Altice finally recovered more than 95% of SFR's control and is preparing a take-over bid to take it out of the stock market.

After a failed exchange offer (OPE) on SFR in order to take full control of it, the parent company Altice finally managed to take over 95% of the operator's control, following the strategy Of Patrick Drahi consisting of owning the holding companies.

In accordance with the legislation, this triggers the preparation of an OPR (Public Offer to Withdraw) which will lead SFR to leave the stock market, with an offer to 34.5 € per share put in place by September to recover Minority interests.

This Thursday, the SFR course gained 9% and aligned itself with the value of the proposal. To avoid the disappointment and rejection of this new proposal, Altice indicated that a report on the fairness of the financial terms of its bid will be drafted by an independent expert and submitted to the board of directors of SFR.

There is no question of finding ourselves in the situation of the rejection of the OPE by the AMF for its terms too vague and a small counterpart for the shareholders. With complete operator control, Altice will be free to decide on its strategy for SFR (soon to be renamed in Altice) while continuing to conquer international markets.

Related: 

• Altice again under threat of sanction from the European Commission 

• SFR Studio: after the football, the operator wants to strengthen in the series and the cinema  

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suivre Dhaouadi Aymensur