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Is BT the next British company in line for a takeover?
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BT’s status as a potential takeover target is back in focus after UK rules preventing its new largest shareholder from making its next move expired on Saturday. Here we look at the key points.
Altice, the telecoms group controlled by the billionaire Patrick Drahi, made an unexpected £2.2bn share swoop in June to take a 12.1% stake in BT. After the move Drahi, who has said he is supportive of management and their strategy and is not seeking to take control of BT, has been subject to a six-month
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