Altice May Go After Charter Communications

Altice NV (ATCEY)  shares surged the most in two months in early Thursday trading after the French telecoms and cable group controlled by billionaire Patrick Drahi raised its stake in SFR Group amid continued speculation it may be preparing a takeover bid for Charter Communications (CHTR) - Get Report .

Altice has lifted its stake SFR, a French wireless operator, to more than 95% and said it's planning a full buyout offer for the remaining shares. Altice will offer €34.50 a share for those it doesn't already own.

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