Numericable sweetens offer for SFR - report

News General France 13 MAR 2014
Numericable sweetens offer for SFR - report
Altice has raised its offer for SFR, following an improved bid from rival Bouygues Telecom, the paper Le Figaro reported. Altice, the owner of French cable operator Numericable, is now offering EUR 11.75 billion cash, compared to EUR 11.3 billion from Bouygues, people familiar with the matter told the paper. A committee at Vivendi will consider the bids 13 March, and the full board will discuss the offers on 14 March. 

Unlike Bouygues, Altice did not make a public announcement about the higher offer. The company earlier said it would not raise its initial bid of EUR 10.9 billion cash and a 32 percent stake for Vivendi in the new group. Bouygues raised its bid by EUR 800 million, to EUR 11.3 billion cash plus a 43 percent stake for Vivendi. 

Categories:

General

Companies:

Bouygues Telecom,  SFR,  Vivendi,  Altice Europe,  Numericable

Countries:

France

Tags:

M&A buyouts & divestments

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