Altice Opts Not to Sell Suddenlink

Altice, which had been looking at possibly selling its Suddenlink business (see 2208040037), will keep it after all. Altice's board unanimously decided continuing to operate Suddenlink "represents the best path forward for Altice USA and its stockholders," it said Thursday. "They obviously didn’t get an offer at a price they considered adequate," New Street Research's Jonathan Chaplin wrote investors, noting the move was "widely anticipated."