Altice NV’s $10 billion deal to buy cable operator Cablevision Systems Corp. is running into unexpected turbulence in New York City.Since the European telecom operator announced the U.S. cable acquisition in September, Cablevision’s shares have sunk further below Altice’s all-cash offer of $34.90 a share. The stock is trading 9% below the agreed takeover price, reflecting investors’ concerns about the deal closing.
Source: Cable Deal Hits New Bumps – WSJ