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Altice enters the US market with acquisition of Suddenlink
2015-05-20 09:20:35| Digital TV News
Altice (Euronext: ATC) has announced that it has signed a definitive agreement to acquire 70% of the share capital in Suddenlink from existing shareholders BC Partners, CPP Investment Board and Suddenlink management.
Tags: market
acquisition
enters
suddenlink
Altice enters US market with acquisition of Suddenlink
2015-05-20 08:29:00| Telecompaper Headlines
(Telecompaper) Altice is entering the US market with an agreement to buy a controlling stake in Suddenlink, the seventh-largest cable operator in the US. Altice will buy 70 percent of Suddenlink from BC Partners, CPP Investment Board and Suddenlink management. BC Partners and CPP Investment Board will retain a 30 percent stake in Suddenlink. Suddenlink counts around 1.5 million residential and 90,000 business customers in Texas, West Virginia, Louisiana, Arkansas and Arizona. The company generated USD 2.3 billion in revenue and over USD 900 million in EBITDA in 2014. After investing well in its broadband network, Suddenlink has a strong operational and financial growth track record, Altice said in a statement, adding the US company should benefit from the operational expertise, scale and investment support of the Altice business model. The acquisition gives Suddenlink at an enterprise value of USD 9.1 billion, equal to 7.6 times EBITDA including potential synergies. The transaction is to be financed with USD 6.7 billion of new and existing debt at Suddenlink, a USD 500 million vendor loan note from BC Partners and CPP Investment Board, USD 1.2 billion of cash from Altice and the remainder the roll over by BC Partners and CPP Investment Board. Debt at Suddenlink will remain ring-fenced so the leverage at Altice does not affect the company. The transaction is expected to close in the fourth quarter, pending regulatory approvals.
Tags: market
acquisition
enters
suddenlink
Patterson Companies Announces Acquisition Of Animal Health International, Inc.
2015-05-20 04:34:04| dairynetwork News Articles
Patterson Companies, Inc. recently announced a definitive agreement to acquire Animal Health International, a leading production animal health distribution company in the United States. This acquisition will more than double the size of Patterson’s veterinary business
Tags: international
health
companies
animal
TransDigm Completes Acquisition of Aerospace Business of Pexco LLC, Successful Notes Offering and Incremental Term Loan
2015-05-19 12:31:08| Industrial Newsroom - All News for Today
CLEVELAND TransDigm Group Incorporated (the "Company") (NYSE: TDG) announced today that it completed the acquisition of the assets of the aerospace business of Pexco LLC ("Pexco Aerospace"), a portfolio company of Odyssey Investment Partners, LLC, for approximately $496 million in cash. The acquisition was...
ZF Completes Acquisition of TRW Automotive
2015-05-19 12:31:08| Industrial Newsroom - All News for Today
Antitrust clearances have been granted Closing is starting signal for integration TRW will be integrated into ZF as the new "Active Passive Safety Technology" division FRIEDRICHSHAFEN, Germany ZF Friedrichshafen AG, a global leader in driveline and chassis technology, and TRW Automotive Holdings Corp...
Tags: automotive
acquisition
completes
trw
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