ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

TCLRY Vantiva SA (CE)

0.001
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Vantiva SA (CE) USOTC:TCLRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.001 0.00 01:00:00

JPMorgan Raises Bid for Technicolor Stake to EUR1.9/Share

20/06/2012 6:17pm

Dow Jones News


Vantiva (CE) (USOTC:TCLRY)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Vantiva (CE) Charts.

By Marc Daniel and Martine Pauwels

PARIS--U.S. bank JPMorgan Chase & Co. (JPM) said Wednesday it has sweetened its offer for a stake in French technology and media services firm Technicolor SA (TCH.PA).

Speaking at Technicolor's annual shareholders meeting, David Welsh, a representative for the bank, said it had raised its offer to 1.9 euros per share ($2.4) from EUR1.6 per share. If accepted, its stake would rise to 25-30% from 1% currently.

San Francisco-based private equity firm Vector Capital placed a rival bid in late May at EUR2 per share.

The proceeds of the stake sale would be used to pay down the French company's roughly EUR1 billion in net debt. The rest would be used to help re-orient the company away from its money-losing TV set-top box business and toward other businesses, like digital media services, where the company holds a slew of patents.

Shareholders are expected to vote on the two offers later Wednesday.

-Write to Marc Daniel at marc.daniel@dowjones.com

1 Year Vantiva (CE) Chart

1 Year Vantiva (CE) Chart

1 Month Vantiva (CE) Chart

1 Month Vantiva (CE) Chart