MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Altice Europe’s majority shareholder, founder Patrick Drahi’s investment vehicle Next Private, is to launch a €2.5 billion public offer for outstanding shares in the company in a move that would see the telecom and cable giant de-list from the Amsterdam stock exchange. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Were he to attempt this kind of merger, minority shareholders such as Lucerne would have good reason to appeal to a court in Amsterdam called the Enterprise Chamber.
Get daily stock ideas top-performing Wall Street analysts. View which stocks are hot on social media with MarketBeat's trending stocks report. The Enterprise Chamber sought to block ABN Amro's sale of La Salle to the then Bank of America in 2007, but was overturned by the Dutch Supreme Court.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 203.0 days. Davide Campari-Milano NV and, significantly, Altice Europe NV, which owns French carrier SFR. One founder pushing his luck could cast a pall over the party. The company enables people to live out their passions by providing original content and TV shows, as well as international, national, and local news channels. All rights reserved. Altice Europe's stock was trading at $4.05 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO).
In the past three months, Altice Europe insiders have not sold or bought any company stock. View Altice Europe's Short Interest. It has a wide remit to protect the interests of all shareholders, and can, after an investigation, act quickly by suspending a director or transferring shares to a trustee, for instance, effectively blocking the deal.Typically, the court might have little reason to protect minority shareholders against the actions of the investor who controls the voting stock. Drahi hasn’t responded publicly to the missive. Altice Europe N.V operates as a subsidiary of Next Alt S.a.r.l. ), Altice Europe has received 70 “underperform” votes. (1) There is precedent for this. “Since this is apparently not registering with Rogers and Altice, we repeat today that this is not a negotiating strategy, but a definitive refusal.”Gestion Audem holds 69% of the voting rights at public holding company Cogeco Inc., while Rogers has control over 13% of the votes.
Follow My #1 Rule Instead. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." Sign-up to receive the latest news and ratings for ALLVF and its competitors with MarketBeat's FREE daily newsletter. Looking for new stock ideas? Jeff Brown is a member of the U.S. Chamber of Digital Commerce...
Announces Altice Corporate Financing Facility Extended to 2023, No Material Maturity Until 2025, TiVo Announces Multi-year Agreement with Altice USA. Telecoms and cable group Altice Europe
Learn more. By highlighting the ability of a small court to impose measures unilaterally, such a precedent could make founder-CEOs think twice about listing in Amsterdam.“These cases make things real,” says Tim Stevens, a partner at the law firm Allen & Overy in Amsterdam who has no role in the transaction.
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