Altice to Merge Entities to Boost Expansion Through Takeovers
2015-06-26 05:57:31.964 GMT
By Jurjen van de Pol
(Bloomberg) -- Altice says proposed transaction will
provide co. with “powerful equity acquisition currency without
prejudicing voting control of the company’s founding shareholder
group.”
* Proposes merger between newly formed Dutch entity Altice
N.V. and Altice S.A., with latter co. ceasing to exist
* To transfer substantially all assets, liabilities to newly
incorporated unit Altice Luxembourg S.A. prior to merger
* Shareholders to get 3 A shrs with 1 voting right each, 1 B
share with 25 voting rights each in exchange for Altice
stock
* Both shrs to have economic rights, to be listed in Amsterdam
*
* After listing, holders can convert B shrs into A shrs at
1:1 ratio
* Expects to call EGM in first week of July
* Conf call 3:30pm CET +44 20 81500794
* NOTE yday: Altice Says Bouygues Rejected Phone Bid Without
Seeking Details
Statement
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-06-26 05:57:31.964 GMT
By Jurjen van de Pol
(Bloomberg) -- Altice says proposed transaction will
provide co. with “powerful equity acquisition currency without
prejudicing voting control of the company’s founding shareholder
group.”
* Proposes merger between newly formed Dutch entity Altice
N.V. and Altice S.A., with latter co. ceasing to exist
* To transfer substantially all assets, liabilities to newly
incorporated unit Altice Luxembourg S.A. prior to merger
* Shareholders to get 3 A shrs with 1 voting right each, 1 B
share with 25 voting rights each in exchange for Altice
stock
* Both shrs to have economic rights, to be listed in Amsterdam
*
* After listing, holders can convert B shrs into A shrs at
1:1 ratio
* Expects to call EGM in first week of July
* Conf call 3:30pm CET +44 20 81500794
* NOTE yday: Altice Says Bouygues Rejected Phone Bid Without
Seeking Details
Statement
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or
jvandepol@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net