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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.012 | -0.12% | 10.408 | 10.35 | 10.53 | 10.46 | 10.39 | 10.46 | 12,601 | 21:15:54 |
From Aug 2019 to Aug 2024
By Kim Richters
Italy's Mediaset SpA (MS.MI) said late Monday that shareholder Vivendi SA (VIV.FR) has taken legal action regarding Mediaset's merger with its Spanish business.
Vivendi, Mediaset's second largest shareholder, opposes the planned merger of the Italian media company with Mediaset Espana Comunicacion SA (TL5.MC) to create a Dutch holding company called MFE-Mediaforeurope NV.
According to Mediaset, Vivendi has brought a court proceeding in relation to a shareholder meeting of the Spanish entity early September that approved the merger plan.
The company also said that Vivendi started legal proceedings in the Netherlands to prohibit the Dutch holding company from introducing certain provisions, including one concerning special voting shares.
Vivendi wasn't immediately available for comment.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 24, 2019 01:59 ET (05:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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