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Altice USA: BC Partners and Canada Pension Plan cut stake

(CercleFinance.com) - Cable TV provider Altice USA said late on Tuesday that two top investors have sold about 40% of their combined stake in the group.

After the market closed yesterday evening, London-based investment fund BC Partners and Canada Pension Plan sold 20 million class A shares, reducing their combined stake to 4.4%.

As part of its share repurchase program, Altice USA has bought approximately 1.8 million of the shares for a total price of 50 million dollars, it said.

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