Bouygues rejects Altice's offer




French conglomerate Bouygues SA has rejected a €10 billion offer for its telecom unit from Altice SA,

the

Wall Street Journal

reported.

The Bouygues board vote was unanimous, the article said.


Bouygues said it decided not to accept the offer because it sees growth potential in the French market and because of the risk that government regulators would reject the merger, the


Journal


report said.


“For [chairman and CEO Martin] Bouygues, the heir to the founder of the conglomerate, the telecom business has almost sentimental value, people close to him have said,” the


Journal


report noted. (Source:


Wall Street Journal


, June 24, 2015.)

About the Author(s)

This is your 1st of 5 free articles this month.

Introductory offer: Unlimited digital access for $5/month
4
Articles Remaining
Already a subscriber? Please sign in here.

Related Articles

KEEP IT IN THE FAMILY

The Family Business newsletter. Weekly insight for family business leaders and owners to improve their family dynamics and their businesses.