Vivendi Accepts Amber Capital's Offer to Acquire Stake in Lagardere
September 15 2021 - 1:25PM
Dow Jones News
By Giulia Petroni
Vivendi SE said Wednesday that it has accepted activist investor
Amber Capital's offer to acquire its 17.93% stake in Lagardere
SA.
The French media giant said it will offer 24.10 euros ($28.47) a
share for the 25,305,448 shares held by Amber Capital.
The transaction, which is subject to regulatory approvals, is
set to be completed by Dec. 15, 2022.
If the acquisition goes through, Vivendi will hold 45.1% of
Lagardere's share capital and a mandatory proposal for a public
offer for all of the company's remaining shares will be filed with
the French market authority.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 15, 2021 13:10 ET (17:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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