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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 2.44% | 10.51 | 10.40 | 10.57 | 10.51 | 10.47 | 10.482 | 11,170 | 21:00:23 |
By Olivia Bugault
Vivendi SA said Tuesday that it signed a pact with activist investor Amber Capital that includes seeking a minority representation at Lagardere SCA's supervisory board.
"Vivendi and Amber Capital, respectively the first and second largest shareholders of Lagardere with 23.5% and 20% of the share capital, will initiate steps in this framework with Lagardere to each seek a minority supervisory board representation of three members for Amber Capital and one member for Vivendi," French media group Vivendi said.
Vivendi and Amber Capital also entered into a five-year reciprocal first offer and pre-emption rights agreement on their Lagardere shares, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
August 11, 2020 02:29 ET (06:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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