Numericable to finish SFR M&A financing with €4.7bn issue

Numericable
By Olivier Holmey
30 Oct 2014

French cable firm Numericable on Wednesday set terms and opened the subscription period for a €4.7bn rights issue, in what constitutes the final tranche of the financing package for one of the largest M&A deals of the year so far — the takeover of mobile phone operator SFR.

The market responded favourably to the launch of the rights offer on Wednesday, with the issuer’s shares trading up 12.3% to a €53.75 cum-rights price over the course of the day.

The subscription price for the new shares is €17.82 a new share on the basis of 15 new ...

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