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VIVHY Vivendi SE (PK)

12.00
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
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

Mediaset Court Hearing Set for Jan. 21 in Merger Issue

09/12/2019 4:15pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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   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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