Minority shareholders Altice Europe force bid price increase by more than 30%
18 december 2020
18 December 2020
We are pleased to have advised and represented several of Altice's significant minority shareholders in Enterprise Chamber proceedings about Mr Patrick Drahi's public offer for all shares in Altice Europe's capital.The minority shareholders argued that the deal structure and pricing were inadequate on various grounds. Houthoff brought proceedings before the Enterprise Chamber at the Amsterdam Court of Appeal on behalf of several of the world's most renowned investment funds. In turn, Mr Drahi increased his bid price by more than 30% (from €4.11 to €5.35). We congratulate our clients on this result.
Houthoff's core team consisted of: Jan Willem de Groot, Alexander Kaarls, Klaas van der Graaf, Willem Liedenbaum, Parisa Jahan, Kasper van der Sanden and David van der Linden.