Altice Europe: Next Private won't extend offer

(CercleFinance.com) - Patrick Drahi's Next Private does not intend to extend its offer for Altice Europe after it expires next week, the holding company said on Thursday.


Next also announced that it does not plan to launch a post-acceptance period, meaning that, if the bid is declared unconditional, the merger will be implemented "as soon as possible" after the settlement.

During a post-acceptance period, shareholders that did not tender their shares during the offer period may tender them on the same terms and conditions as the offer.

Next's offer period is set to expire a week today, on Thursday 21 January.

Patrick Drahi, the founder of Altice Europe, currently owns approximately 77.5% of Altice Europe's share capital.

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