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Stock market regulator blocks Altice buyout offer for SFR
2016-10-05 09:42:00| Telecompaper Headlines
(Telecompaper) French stock market regulator AMF (Autorite des Marches Financiers) has ruled against Altice's public exchange offer for its subsidiary SFR Group, which was announced in early September. The ruling states that the AMF found the transaction non-compliant, although the motivations behind the decision have not yet been published. In a statement, Altice acknowledged the ruling, stating that it reserves the right to file an appeal against the decision with the Paris Court of Appeal.
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Category:Telecommunications