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Vivendi Said to Seek Improved Bid for SFR From Drahi’s Altice 2014-03-24 18:16:52.521 GMT
By John Simpson March 24 (Bloomberg) -- Vivendi seeking improved offer for phone unit SFR from Patrick Drahi’s cable holding co. Altice after Bouygues unexpectedly boosted its bid last week, people familiar tell Bloomberg’s Aaron Kirchfeld, Marie Mawad and Matthew Campbell. * While Vivendi prefers Altice’s proposal because of a greater likelihood of antitrust approval and quicker exit from the enlarged entity, co. would like Altice to narrow gap with Bouygues’s bid, the people said * Altice discussing such a move, though no final decision has been made, said one of the people See full story
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--With assistance from Helene Fouquet in Paris.
To contact the reporter on this story: John Simpson in Toronto at +1-416-203-5726 or jsimpson12@bloomberg.net To contact the editors responsible for this story: Andrea Snyder at +1-202-624-1831 or asnyder5@bloomberg.net Catherine Larkin