(Telecompaper) Altice has proposed buying out the remaining 22.25 percent of French operator it does not yet own. The company is offering eight new Altice class A shares for each five SFR shares, with no minimum acceptance threshold for the offer. The acquisition is part of a broader effort by Altice to streamline its operations in order to increase synergies across the group, including with its newly acquired US activities. Altice said the offer also providers SFR's shareholders with a stake in a company with a greater free float and liquidity in its shares. SFR's board has approved the offer, after obtaining an independent opinion deeming the offer fair in financial terms for minority shareholders.