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Altice completes US seperation

Contributor: Editorial, 11 June 2018

Telecommunications and media group Altice announced it had completed the separation of Altice USA through a distribution of its 67.2% interest in Altice USA to Altice NV shareholders out of its share premium reserve.

Altice shareholders received 0.4163 shares of Altice USA common stock for every share held. The number of shares of Altice USA distributed was 247,683,4892 Class A and 247,683,4432 Class B common stock with total shares outstanding of 489,384,523 Class A and 247,684,443 Class B.

As part of the separation Altice NV has changed its name to Altice Europe NV.

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