Mediaset, Vivendi Hearing Postponed to Reach Possible Agreement
November 05 2019 - 8:13AM
Dow Jones News
By Giulia Petroni
Mediaset SpA (MS.MI) said Tuesday that a Milan court has
postponed a hearing related to a dispute with hostile shareholder
Vivendi SA (VIV.FR) until Nov. 22 to give the parties the
possibility to reach an agreement.
Last month, French media group Vivendi requested that the Court
of Milan issue a preliminary suspension of Mediaset's plan to merge
its Italian and Spanish businesses into a new Dutch holding
company. Vivendi pledged legal action arguing the strategy
"disregards basic shareholders' rights" and would only benefit
Mediaset's majority shareholder Fininvest.
Also, Simon Fiduciaria SpA, which holds parts of Vivendi's
shares in Mediaset, issued a writ aimed at suspending the company's
merger plan.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 05, 2019 07:58 ET (12:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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