Eutelsat rejects takeover bid from Altice owner

Eutelsat has turned down a takeover offer from French businessman Patrick Drahi, probably because his bid was not large enough to warrant further discussion.
The French satellite firm issued a short statement on Thursday confirming that the offer came in at €12.10 per share, and reiterating that the firm’s relevant governance bodies have rejected it unanimously.
It did not say why. However, an earlier statement from the company, in which it disclosed that it had received an unsolicite