On December 18, 2020, Next Private BV increased its offer to acquire all issued and outstanding common shares of Altice Europe to 5.35 in cash per share from 4.11 per share. The increased offer represents a premium of 61.1% to the Company's closing price of 3.32 per share on September 10, the announcement date of the offer. Separate petitions earlier filed by shareholders Lucerne Capital Management LP and Sessa Capital IM LP against the offer, have been withdrawn. Lucerne and Sessa both agreed to tender their shares. The board also welcomed the withdrawal of the litigation and the commitments by the shareholders to tender their listed shares into the offer.