Oi Poised to Approve Altice’s EU7.4b Offer for Portuguese Assets
2014-12-04 20:05:27.911 GMT
By Robin Stringer
Dec. 4 (Bloomberg) -- Oi poised to approve offer at board
meeting today, people familiar tell Bloomberg’s Cristiane
Lucchesi, Christiana Sciaudone and Matthew Campbell.
* Announcement could come as soon as today, the people said,
asking not to be named because matter is confidential
* Cos. in exclusive talks Dec. 1 after Altice’s offer was
raised, putting it ahead of a rival bid by Apax Partners
LLP, Bain Capital
* Buy would be 2nd multibillion-dollar deal this yr for
Patrick Drahi
* For Rio de Janeiro-based Oi, sale will give it proceeds to
use to pare its more than $18b in debt, to take part in
consolidating Brazil
* Representative for Oi confirmed board meeting being held
today, declined to comment further
Link to Company News:{6212Z LN <Equity> CN <GO>}
Link to Company News:{6821Z US <Equity> CN <GO>}
Link to Company News:{ATC NA <Equity> CN <GO>}
Link to Company News:{OIBR4 BZ <Equity> CN <GO>}
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2014-12-04 20:05:27.911 GMT
By Robin Stringer
Dec. 4 (Bloomberg) -- Oi poised to approve offer at board
meeting today, people familiar tell Bloomberg’s Cristiane
Lucchesi, Christiana Sciaudone and Matthew Campbell.
* Announcement could come as soon as today, the people said,
asking not to be named because matter is confidential
* Cos. in exclusive talks Dec. 1 after Altice’s offer was
raised, putting it ahead of a rival bid by Apax Partners
LLP, Bain Capital
* Buy would be 2nd multibillion-dollar deal this yr for
Patrick Drahi
* For Rio de Janeiro-based Oi, sale will give it proceeds to
use to pare its more than $18b in debt, to take part in
consolidating Brazil
* Representative for Oi confirmed board meeting being held
today, declined to comment further
Link to Company News:{6212Z LN <Equity> CN <GO>}
Link to Company News:{6821Z US <Equity> CN <GO>}
Link to Company News:{ATC NA <Equity> CN <GO>}
Link to Company News:{OIBR4 BZ <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Robin Stringer at +1-212-617-2526 or
rstringer7@bloomberg.net