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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.008 | -0.07% | 11.992 | 11.98 | 12.01 | 12.00 | 11.99 | 12.00 | 3,015 | 16:03:14 |
From Jul 2019 to Jul 2024
PARIS-- Bouygues SA is set to imminently improve its offer for Vivendi SA's French telecommunications provider, according to a person briefed on the situation, reopening a bidding war that had appeared to be closed when Vivendi selected a rival offer nearly a week ago.
Bouygues is set to improve the cash component of its offer to above EUR12.5 billion ($17.4 billion) from EUR11.3 billion previously, as part of a proposal to merge SFR with Bougues's telecom unit, the person briefed on the bid said.
Consequently, the percentage Vivendi would hold in the new ensemble would drop significantly, the person added. Other shareholders would also be added, the person said.
A new offer from Bouygues would mark a surprising twist in the race for SFR. Vivendi said last Friday that it had decided to enter exclusive talks with cable holding company Altice SA, rather than Bouygues, for the sale of the unit. It said the exclusive talks would last three weeks.
A person familiar with the matter said Vivendi had not yet received the offer and it was unclear if it could entertain a new bid before April 4.
Write to Sam Schechner at sam.schechner@wsj.com and Ruth Bender at Ruth.Bender@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Vivendi (PK) Chart |
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