PARIS Oct 4 French financial markets regulator
AMF said on Tuesday that Altice's all-share buyout
offer for SFR, does not comply with rules.
Altice, the Luxembourg-based telecoms and media group
controlled by Franco-Israeli billionaire Patrick Drahi, has said
it wants to simplify the group's structure by exchanging 8
Altice class A shares for 5 SFR Group shares for the outstanding
22.25 percent of SFR shares it does not own.
AMF said it will publish a detailed decision soon.
(Reporting by Bate Felix; Editing by Ingrid Melander)