Charter Communications exploring takeover of Altice USA, Bloomberg reports [Reuters]
Altice USA, Inc. Class A (ATUS)
Last altice usa, inc. class a earnings: 2/12 04:05 pm
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US:NYSE Investor Relations:
investors.alticeusa.com/investors/overview/default.aspx
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Source: Reuters
USA (ATUS.N) , opens new tab , Bloomberg News reported on Monday, according to people familiar with the matter. Shares of Altice USA were up 56% in afternoon trade, while those of Charter fell 2.8%. It was unclear whether a formal approach has been made, the report said, adding that Charter could decide not to pursue a transaction. Charter and Altice USA declined to comment on the report, when contacted by Reuters. Altice USA has a market cap of about $1 billion and a debt pile of $25 billion, and if Charter were to buy the company outside of a debt restructuring, it would have to pay full value for that debt. The potential takeover news comes weeks after Charter posted a surprise drop in broadband subscribers, as it grappled with promotional offerings from rivals in a highly saturated market. Charter has been hit by stiff competition across broadband and wireless mobile and the decline of traditional television. Reporting by Harshita Mary Varghese; Editing by Pooja Desa
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ATUS
News
- Analysts Estimate Altice USA, Inc. (ATUS) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Altice USA, Inc. (NYSE: ATUS) is now covered by analysts at Bank of America Co.. They set an "underperform" rating and a $1.50 price target on the stock.MarketBeat
- Ookla® Ranks Optimum Fiber as Fastest and Most Reliable Internet Speeds in New York and New Jersey [Yahoo! Finance]Yahoo! Finance
- Ookla® Ranks Optimum Fiber as Fastest and Most Reliable Internet Speeds in New York and New JerseyBusiness Wire
- Altice USA, Inc. (NYSE: ATUS) had its price target lowered by analysts at Loop Capital from $3.00 to $2.00. They now have a "hold" rating on the stock.MarketBeat
ATUS
Earnings
- 2/14/24 - Miss
ATUS
Sec Filings
- 4/10/24 - Form SC
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- ATUS's page on the SEC website