NextRadioTV: takeover by Altice and Alain Weill, IPO scheduled for January 2016

Altice, the Dutch holding group of telecommunications and cable operators founded by Patrick Drahi and Alain Weill, president of the NextRadioTV group, associated with the Groupe News Participations company, now hold 50.4% of the capital and 61.8% of the voting rights of NextRadioTV, the two groups announced on 04/12/2015.

Groupe News Participations acquired all of Alain Weill's shares in NextRadioTV, a share block representing 37.7% of the capital and 48.6% of the voting rights, based on a price of €37 per share, and also acquired 12.7% of the capital and 9% of the voting rights from other shareholders on the same base price.

An IPO (initial public offering) for all the remaining NextRadioTV shares will be made by Groupe News Participations to the AMC (French market and commerce authority) "by mid-December 2015", and scheduled to open in mid-January 2016 for a period of ten days. The base price is set at €37 per share, "a premium of 30.5% over the average stock prices during the six months preceding the offer", according to Altice and NextRadioTV.

• NextRadioTV notably includes the…