Stock Groups

Vivendi to launch offer for Lagardere at 24.10 euros per share -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: French media large Vivendi’s brand is pictured on the foremost entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File Picture

PARIS (Reuters) – France’s Vivendi (OTC:) will purchase activist fund Amber Capital’s virtually 18% stake in media group Lagardere at 24.10 euros per share within the coming days after which file a full takeover supply on the similar worth, it stated on Thursday.

The Amber deal will carry Vivendi’s Lagardere stake to 45.1%.

The deliberate takeover by Vivendi was first introduced in September.

Disclaimer: Fusion Media want to remind you that the info contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs will not be offered by exchanges however reasonably by market makers, and so costs will not be correct and should differ from the precise market worth, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding varieties potential.

[ad_2]