Altice Ends Plan to Buy Rest of SFR Amid French Opposition

  • Drahi says ruling on 2.4 billion-euro deal may be appealed
  • SFR investors objected to exchange ratio, fee disclosures

Patrick Drahi’s Altice NV terminated an offer to buy the rest of its SFR Group SA telecom unit -- handing a victory to minority shareholders who challenged the plan -- after France’s financial-markets regulator said it was opposed.

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