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Altice agrees to buy Cablevision for USD 17.7 billion

2015-09-17 07:14:00| Telecompaper Headlines

(Telecompaper) European telecom group Altice has reached a definitive agreement to acquire US operator Cablevision Systems for USD 17.7 billion in cash, at a price of USD 39.40 per share. This is Altice's second step in the US market, after its announced acquisition of Suddenlink in May. Cablevision is the leading cabler in the New York metro area (New York, New Jersey, Connecticut) and has 3.1 million residential and business customers out of over 5 million premises passed by its network. The transaction will be financed with USD 14.5 billion of new and existing debt at Cablevision, cash on hand at Cablevision and USD 3.3 billion of cash from Altice. BC Partners and CPP Investment board have an option to participate for up to 30 percent of Cablevision. Altice intends to raise equity by issuing Class A shares and has received full financing commitments from JP Morgan, BNP Paribas and Barclays. The transaction is expected to close in the first half of next year. The shareholders of Cablevision, which is owned by the Dolan family, have approved the transaction, said CEO James Dolan. The family will still own AMC Networks and Madison Square Garden after the Cablevision sale. 

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Casella Waste Systems Given Consensus Recommendation of "Buy" by Analysts

2015-09-17 05:53:11| Waste Management - Topix.net

Casella Waste Systems has received an average rating of "Buy" from the six research firms that are presently covering the firm, MarketBeat Ratings reports . Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

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French telecom giant Altice to buy Cablevision in $9 billion sale

2015-09-17 04:43:17| Telecom - Topix.net

The Dolan family is saying au revoir to Cablevision , selling the flagship cable company it founded more than 40 years ago to France's telecom giant Altice, The Post has learned. The surprise $9 billion sale, expected to be announced this week, also includes the Long Island tabloid Newsday and local Channel 12, sources close to the deal said.

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Ocado Group PLC's Buy Rating Reiterated at Goldman Sachs

2015-09-16 20:20:46| Grocery - Topix.net

's stock had its "buy" rating reissued by stock analysts at Goldman Sachs in a report released on Wednesday, Marketbeat.com reports. Shares of Ocado Group PLC traded up 0.88% during mid-day trading on Wednesday, reaching GBX 319.50.

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Two Big Biotech Stocks To Buy Here

2015-09-16 18:38:25| Biotech - Topix.net

The market is starting to stabilize after a significant decline in August and in front of the Federal Reserve's decision on interest rates on Thursday. The decline in equities over the past two months have provided some lower entry points to pick up some large cap growth plays at a discount.

Tags: buy big stocks biotech

 

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