We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 |
From Jun 2019 to Jun 2024
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 Month Vantiva (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
