Sec Form 13G Filing - D. E. SHAW & CO L.P. filing for Altice USA Inc. (ATUS) - 2024-03-18

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. _)*

 

Under the Securities Exchange Act of 1934

 

 

Altice USA, Inc.

(Name of Issuer)

 

 

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

 

02156K103

(CUSIP Number)

 

 

March 8, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the following box to designate the rule pursuant to which the Schedule is filed:

 

¨Rule 13d-1(b)
xRule 13d-1(c)
¨Rule 13d-1(d)


* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

  

CUSIP No. 02156K103 SCHEDULE 13G Page 2 of 6

   

1

NAMES OF REPORTING PERSONS

D. E. Shaw & Co., L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

13,534,954

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

13,614,254

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,614,254 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.0%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA, PN 

   

 

 

 

CUSIP No. 02156K103 SCHEDULE 13G Page 3 of 6

   

1

NAMES OF REPORTING PERSONS

David E. Shaw

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

-0-

 

6

SHARED VOTING POWER

13,534,954

 

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

13,614,254

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,614,254 

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

5.0%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN 

    

 

 

CUSIP No. 02156K103 SCHEDULE 13G Page 4 of 6

 

Item 1.
  (a) Name of Issuer
      Altice USA, Inc.
     
  (b) Address of Issuer's Principal Executive Offices
   

  1 Court Square West

  Long Island City, New York 11101

     
Item 2.
  (a) Name of Person Filing
      D. E. Shaw & Co., L.P.
  David E. Shaw  
     
  (b) Address of Principal Business Office or, if none, Residence
      The business address for each reporting person is:
  1166 Avenue of the Americas, 9th Floor
  New York, NY 10036
     
  (c) Citizenship
      D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
  David E. Shaw is a citizen of the United States of America.
     
  (d) Title of Class of Securities
      Class A Common Stock, par value $0. 01 per share
     
  (e) CUSIP Number
      02156K103

 

Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
Not Applicable
 
Item 4. Ownership

 

As of March 8, 2024:

  

  (a) Amount beneficially owned:
       D. E. Shaw & Co., L.P.:

13,614,254 shares

This is composed of (i) 9,510,416 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C., (ii) 2,466,505 shares under the management of D. E. Shaw Investment Management, L.L.C., and (iii) 1,637,333 shares in the name of D. E. Shaw Valence Portfolios, L.L.C.

 

         
       David E. Shaw:

13,614,254 shares

This is composed of (i) 9,510,416 shares in the name of D. E. Shaw Galvanic Portfolios, L.L.C., (ii) 2,466,505 shares under the management of D. E. Shaw Investment Management, L.L.C., and (iii) 1,637,333 shares in the name of D. E. Shaw Valence Portfolios, L.L.C.

 

  (b)  Percent of class:
       D. E. Shaw & Co., L.P.: 5.0%
       David E. Shaw: 5.0%

 

 

 

 

CUSIP No. 02156K103 SCHEDULE 13G Page 5 of 6

 

  (c)   Number of shares to which the person has:
    (i) Sole power to vote or to direct the vote:  
        D. E. Shaw & Co., L.P.: -0- shares
        David E. Shaw: -0- shares

 

    (ii) Shared power to vote or to direct the vote:
        D. E. Shaw & Co., L.P.: 13,534,954 shares
        David E. Shaw: 13,534,954 shares

 

    (iii) Sole power to dispose or to direct the disposition of:
        D. E. Shaw & Co., L.P.: -0- shares
        David E. Shaw: -0- shares

 

    (iv) Shared power to dispose or to direct the disposition of:
        D. E. Shaw & Co., L.P.: 13,614,254 shares
        David E. Shaw: 13,614,254 shares

  

David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C. and D. E. Shaw Adviser II, L.L.C., which in turn is the investment adviser of D. E. Shaw Galvanic Portfolios, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C. and the managing member of D. E. Shaw Manager II, L.L.C., which in turn is the manager of D. E. Shaw Galvanic Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 13,534,954 shares, and the shared power to dispose or direct the disposition of 13,614,254 shares, the 13,614,254 shares as described above constituting 5.0% of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 13,614,254 shares.

 

Item 5. Ownership of Five Percent or Less of a Class
Not Applicable  
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable  
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable  
 
Item 8. Identification and Classification of Members of the Group
Not Applicable  
 
Item 9. Notice of Dissolution of Group
Not Applicable  

 

Item 10. Certification

By signing below, each of D. E. Shaw & Co., L.P. and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

CUSIP No. 02156K103 SCHEDULE 13G Page 6 of 6

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete, and correct. A Power of Attorney, dated March 1, 2017, granted by David E. Shaw in favor of Nathan Thomas, is attached hereto.

 

Dated: March 18, 2024

 

 

  D. E. Shaw & Co., L.P.
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Chief Compliance Officer

 

 

  David E. Shaw
   
  By: /s/ Nathan Thomas
    Nathan Thomas
    Attorney-in-Fact for David E. Shaw