Hedge Funds Triumph Twice in Bout With Billionaire

Patrick Drahi’s agreement to sweeten his bid for full ownership of Altice Europe NV is a double victory for shareholder activism in Europe...The minorities — most vocally Lucerne Capital Management, but also the ubiquitous Elliott Management Corp. — probably had enough shares to prevent Drahi crossing the high threshold to squeeze them out...

Read more: Hedge Funds Triumph Twice in Bout With Altice Billionaire Patrick Drahi - Bloomberg