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- Altice USA (NYSE:ATUS) surged 54% amid a report that Charter Communications (NASDAQ:CHTR) is exploring a takeover of the cable company. Charter fell 2.1%.
- Charter (CHTR) is working with advisers as it evaluates a potential deal for Altice USA (ATUS), according to a Bloomberg report on Monday, which cited people familiar with the matter.
- It’s not clear whether a formal approach has been made and Charter (CHTR) may decide not to go forward, the report said.
- Developing story …
