Empyrean reports 5.22% stake in Optimum Communications
Optimum Communications, Inc. files an Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership.
Rhea-AI Filing Summary
Optimum Communications, Inc. files an Amendment No. 1 to a Schedule 13G/A reporting beneficial ownership. The filing states that Empyrean Capital Partners, LP and Amos Meron beneficially own 24,578,407 shares of Class A Common Stock, representing 5.22% of the class. The filing attributes shared voting and dispositive power over the same 24,578,407 shares to the reporting persons and notes the position is held through Empyrean Capital Overseas Master Fund, Ltd.
The statement is signed by the Chief Compliance Officer and by Amos Meron and references a Joint Filing Agreement in Exhibit 99.1.
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Insights
Passive 13G amendment documents a >5% stake held jointly through an investment vehicle.
The filing lists 24,578,407 shares and 5.22% ownership by Empyrean Capital Partners, LP and Mr. Amos Meron, with shared voting and dispositive power tied to holdings of Empyrean Capital Overseas Master Fund, Ltd.
Disclosure shows ownership structure rather than a transaction; subsequent filings would be needed to show purchases, sales, or changes in voting arrangements.
Amendment clarifies reporting persons and beneficial ownership details under Section 13.
The statement identifies the filing address, CUSIP 02156K103, and that ECP acts as investment manager for ECOMF. Itemized power lines (sole/shared) are explicitly provided.
Filing preserves passive-holder framing typical of 13G amendments; review future schedules for any change to active/beneficial status.
Key Figures
Key Terms
Schedule 13G/A regulatory
Beneficially owned regulatory
FAQ
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What stake in ATUS does Empyrean Capital report?
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Does the filing state whether the stake is passive or active?
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AI-generated analysis. How Rhea-AI works. Not financial advice.