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Sat Nov 7, 2015, 09:01 PM

Altice's acquisition of Suddenlink Communications moving forward

Suddenlink Communications’ prospective European owners are closing in on a $9.1 billion deal for the U.S. company.

Suddenlink representatives said Altice’s acquisition of the company is moving forward, with the European company’s purchase expected to close between Thanksgiving and Christmas.

Altice, a European cable and mobile phone operator, and its founder, Patrick Drahi, moved forward with the purchase of the St. Louis-based cable company in April.

According to The Associated Press, Altice will buy 70 percent of Suddenlink with a combined offer of cash and assumed debt from existing owners BC Partners, a private equity firm; Canada Pension Plan Investment Board and company management.

Read more: http://lubbockonline.com/business/2015-11-06/european-companys-acquisition-suddenlink-communications-moving-forward#comment-385267

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