French telecoms billionaire Patrick Drahi has raised his offer to buy out minority shareholders in Altice Europe by almost a third, bowing to pressure from hedge funds that threatened to sue to secure a higher price...However, hedge funds, including Lucerne and Winterbrook, agitated for a higher offer, arguing that the price significantly undervalued the telecoms business...
Read more: Billionaire Drahi raises Altice Europe buyout offer by 30% | Financial Times (ft.com)