Altice Raises Take-Private Bid to Appease Hedge Fund Rebels

Altice Europe NV shareholders have forced a higher bid from the French telecom and media company’s billionaire founder, Patrick Drahi, who agreed to raise his offer to buy out the shares he doesn’t already own...Hedge fund Lucerne Capital Management filed a petition at the Dutch Enterprise Chamber on Dec. 8arguing the previous offer undervalues the telecom and media company...

Read more: Altice Raises Take-Private Bid to Appease Hedge Fund Rebels - Bloomberg