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Drahi Raises Offer for Altice Telecoms By 30% After Legal Threat

French telecoms billionaire Patrick Drahi was forced to up his offer to buy out minority stockholders in the Amsterdam-based Altice Europe, after hedge funds threatened to take him to courts over the price... Lucerne filed a petition with the Enterprise Chamber in Amsterdam on December 7 asking the court to order an inquiry into Altice Europe, to appoint three independent non-executive directors to assess and supervise the original offer, and to prohibit a vote on the "pre-wired restructuring measures."...


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