{"id":400605,"date":"2020-12-16T02:35:55","date_gmt":"2020-12-16T07:35:55","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400605"},"modified":"2020-12-16T02:35:55","modified_gmt":"2020-12-16T07:35:55","slug":"lucerne-capital-issues-statement-regarding-revised-offer-from-next-private-to-acquire-altice-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lucerne-capital-issues-statement-regarding-revised-offer-from-next-private-to-acquire-altice-europe\/","title":{"rendered":"Lucerne Capital Issues Statement Regarding Revised Offer From Next Private To Acquire Altice Europe"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n GREENWICH, Conn.<\/span> and AMSTERDAM<\/span>, Dec. 16, 2020<\/span> \/PRNewswire\/ —\u00a0Lucerne Capital Management (“Lucerne”), a registered investment adviser managing funds that own approximately EUR 106 million<\/span> of shares of Altice Europe N.V<\/span>. (ATC.AS) (“Altice Europe<\/span>” or the “Company”), today issued the following statement regarding the revised all-cash offer of EUR 5.35<\/span> per share for all common shares A and common shares B of Altice Europe<\/span> by Next Private B.V. (the “Revised Offer”):\u00a0 <\/p>\n

This Revised Offer represents a significant increase in price, demonstrating that the Company and its independent directors recognize the inherent value of Altice Europe<\/span> stock.\u00a0 We appreciate the support we have received from other Altice Europe<\/span> shareholders and are pleased to reach this outcome, which we believe provides fair value to minority shareholders and represents a positive outcome for all stakeholders in the Company.\u00a0 <\/p>\n

As previously announced, Lucerne sent letters to the Altice Europe Board of Directors on October 1<\/span> and November 30<\/span> opposing the original offer of EUR 4.11<\/span>.\u00a0 Subsequently, Lucerne filed a petition with the Enterprise Chamber in Amsterdam<\/span> on December 7<\/span> asking the court to order an inquiry into Altice Europe<\/span>, to appoint three independent non-executive directors to assess and supervise the original offer, and to prohibit a vote on the “pre-wired restructuring measures.”<\/p>\n

\n About Lucerne Capital Management <\/b>\n <\/p>\n

Lucerne Capital Management, founded in 2000 and co-managed by Pieter Taselaar<\/span> and Thijs Hovers, is an investment firm specializing in bottom-up stock selection with a focus on European markets.<\/p>\n

\n Contacts <\/b>\n <\/p>\n

\n Lucerne Capital Management <\/b>\n <\/p>\n

\n Claudia Taselaar<\/span>\n <\/p>\n

+1 914 819 3746<\/p>\n

\n ctaselaar@lucernecap.com<\/a>\n <\/p>\n

\u00a0<\/p>\n

\n Media Contacts <\/b>\n <\/p>\n

\n Steve Bruce<\/span>\/Taylor Ingraham<\/span><\/p>\n

ASC Advisors <\/p>\n

+1 203 992 1230 <\/p>\n

\n sbruce@ascadvisors.com<\/a> \/ tingraham@ascadvisors.com<\/a><\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/lucerne-capital-issues-statement-regarding-revised-offer-from-next-private-to-acquire-altice-europe-301193780.html<\/a><\/p>\n

SOURCE Lucerne Capital Management<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire GREENWICH, Conn. and AMSTERDAM, Dec. 16, 2020 \/PRNewswire\/ —\u00a0Lucerne Capital Management (“Lucerne”), a registered investment adviser managing funds that own approximately EUR 106 million of shares of Altice Europe N.V. (ATC.AS) (“Altice Europe” or the “Company”), today issued the following statement regarding the revised all-cash offer of EUR 5.35 per share for all common shares A and common shares B of Altice Europe by Next Private B.V. (the “Revised Offer”):\u00a0 This Revised Offer represents a significant increase in price, demonstrating that the Company and its independent directors recognize the inherent value of Altice Europe stock.\u00a0 We appreciate the support we have received from other Altice Europe shareholders and are pleased to reach this outcome, which we believe provides … <\/p>\n

Continue reading “Lucerne Capital Issues Statement Regarding Revised Offer From Next Private To Acquire Altice Europe”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400605","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLucerne Capital Issues Statement Regarding Revised Offer From Next Private To Acquire Altice Europe - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lucerne-capital-issues-statement-regarding-revised-offer-from-next-private-to-acquire-altice-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lucerne Capital Issues Statement Regarding Revised Offer From Next Private To Acquire Altice Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire GREENWICH, Conn. and AMSTERDAM, Dec. 16, 2020 \/PRNewswire\/ —\u00a0Lucerne Capital Management (“Lucerne”), a registered investment adviser managing funds that own approximately EUR 106 million of shares of Altice Europe N.V. (ATC.AS) (“Altice Europe” or the “Company”), today issued the following statement regarding the revised all-cash offer of EUR 5.35 per share for all common shares A and common shares B of Altice Europe by Next Private B.V. 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