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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 11.30 | 12.25 | 0.00 | 12:20:05 |
By Mauro Orru
Italy's Mediaset SpA (MS.MI) said on Monday that a court in Milan has set a hearing for Jan. 21 regarding its merger-related dispute with French media group Vivendi SA (VIV.FR) and Simon Fiduciaria SpA, an asset trust that holds part of the French company's stake in Mediaset.
Mediaset proposed merging its Italian and Spanish operations into one entity, a Dutch holding company, in a plan that shareholder Vivendi opposes. The merger was suspended by a Spanish court in October.
The Italian broadcasting company confirmed that the hearing will take place following an extraordinary meeting on Jan. 10, when Mediaset shareholders will vote on changes to the planned holding company.
Vivendi has been feuding with Mediaset, which is controlled by former Italian Prime Minister Silvio Berlusconi's family, since a pay-TV deal between the two companies collapsed in 2016.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
December 09, 2019 11:00 ET (16:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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