Altice Europe sells stake in Altice USA

Altice Europe elected to sell a total of 17.9 million shared. Altice USA has purchased about 3.6 million of those shares directly from the broker dealer for about $85 million.

June 23, 2020

1 Min Read

NEW YORK – Altice USA (NYSE: ATUS) today makes the following statement following the sale of Altice USA shares by Altice Europe N.V.:

After the market close yesterday, Altice Europe N.V. elected to sell 17.9 million Altice USA Class A shares to a broker dealer pursuant to Rule 144, representing substantially all of its remaining stake in the company. Consistent with Altice USA's share repurchase program, the company elected to purchase approximately 3.6 million of these shares directly from the broker dealer, for a total consideration of approximately $85 million.

Altice USA

Read more about:

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like