- March 4, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Altice USA CEO Dennis Mathew Responds to Takeover Speculation
Altice USA CEO Dennis Mathew recently addressed Wall Street discussions surrounding a potential takeover bid by Charter Communications for his company. In response to the speculation, Mathew emphasized three key points during a webcasted session at the Morgan Stanley Technology, Media, and Telecom Conference.
1. **Controlled Company Structure:** Mathew highlighted that Altice USA is a controlled company, with Altice founder Patrick Drahi serving as the controlling shareholder.
2. **Avoiding Speculation:** The CEO refrained from speculating on the actions of other companies, including Charter Communications.
3. **Focus on Transformation:** Mathew reiterated his primary focus on driving positive impacts for Altice USA’s employees, customers, and communities through accelerated transformation efforts.
Through his remarks, Mathew aimed to reassure stakeholders amid the surge in Altice USA’s stock price due to the takeover rumors. Additionally, he discussed strategic decisions following the recent sale of Cheddar News to Archetype, emphasizing a commitment to driving business growth while exploring opportunities judiciously.
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