We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 11.94 | 11.96 | 8 | 14:34:32 |
From Jul 2019 to Jul 2024
By Ruth Bender
PARIS--French billionaire Vincent Bolloré again boosted his stake in Vivendi SA, raising it to 14.52% a day after announcing a peace deal with a minority shareholder.
Mr. Bolloré, via his family-controlled conglomerate Groupe Bolloré, has acquired an additional 2.51% stake in the French media group for EUR800 million ($851 million), the company said in a statement Thursday.
The Bolloré group said it used 34 million Vivendi shares it owns as collateral to secure a loan that was used to purchase the additional stake. As of May 30, 2017, the loan will have to be paid down either in cash--in accordance with the value of Vivendi shares at that date--or with the 34 million shares.
Mr. Bolloré, who is also the chairman of Vivendi SA, has repeatedly boosted his stake over the past two months as Vivendi faced heavy criticism from U.S. hedge fund P. Schoenfeld Asset Management LP.
PSAM, besides pushing Vivendi to boost shareholder returns, had accused Mr. Bolloré of benefiting from undervalued stock prices to boost his holding.
But Vivendi and PSAM on Wednesday said they had reached a truce as Vivendi agreed to pay back more money than initially planned to shareholders while PSAM agreed to withdraw two resolutions asking Vivendi to pay additional dividends, and to support the group's strategy.
Mr. Bolloré in a filing with the French stock-market regulator earlier this month, said he doesn't intend to take over Vivendi in the six months to come.
Write to Ruth Bender at Ruth.Bender@wsj.com
Access Investor Kit for Bolloré SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000039299
Access Investor Kit for Financière de l'Odet SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000062234
Access Investor Kit for Vivendi SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000127771
Access Investor Kit for Vivendi SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US92852T2015
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Vivendi (PK) Chart |
1 Month Vivendi (PK) 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
