Bouygues ups SFR bid to derail Numericable offer, Bloomberg says

theflyonthewall.com

Bouygues raised its bid for Vivendi's SFR unit with the financial backing of the French government in an effort to derail an offer from Patrick Drahi and his Numericable Group, according to Bloomberg citing a statement from Bouygues. The revised offer includes $18.1B in cash and a 21.5% stake in the entity created from a merger of SFR with Bouygues Telecom.

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