NUMERICABLE : ANNOUNCES HIGHLY DILUTIVE CAPITAL INCREASE OF €4.7B... as strike will be Eu17.82 with 15 New shares for 7 held. Cap increase will be held from October 31st to November 12.
-> Massive discount 35% - way more than we had expected (20%). there will be
263m shares created vs. our 172m expectation. Clearly positive for ALTICE that will subscribe to 75% of the capital increase... Stock should suffer. We should some TP adjustement by around 20%.
-> Massive discount 35% - way more than we had expected (20%). there will be
263m shares created vs. our 172m expectation. Clearly positive for ALTICE that will subscribe to 75% of the capital increase... Stock should suffer. We should some TP adjustement by around 20%.