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News Breaks
August 5, 2014
05:39 EDTTEF, TI, VIVHYTelefonica bids EUR 6.7B for Vivendi's Global Village Telecom
Telefonica S.A. (TEF) said it has submitted an offer to Vivendi (VIVHY) for the combination of Telefonica Brasil and Global Village Telecom, which includes a cash consideration of 11,962 million Brazilian Reais and newly issued shares representing 12% of the share capital of the new Telefonica Brasil, after its combination with GVT. Considering the current market price of Telefónica Brasil the offer amounts to a total of EUR 6.7B euros. The cash consideration would be financed via a capital increase at Telefonica Brasil subscribed by Telefonica S.A. in proportion to its current stake, whose contribution will be funded, in turn, via a capital increase. The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia (TI), Telefonica could offer Vivendi the acquisition, in cash, of up to 1,110M ordinary shares of Telecom Italia, currently representing a stake of 8,3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefonica Brasil. According to the terms of the offer, it expires on September 3, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the offer’s validity period.
News For TEF;VIVHY;TI From The Last 14 Days
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November 16, 2015
09:00 EDTTITelecom Italia management to meet with JPMorgan
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November 15, 2015
19:57 EDTTI, VIVHYVivendi seeks to appoint four directors to Telecom Italia board
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November 12, 2015
15:09 EDTTI, VIVHYVivendi plans to nominate three Telecom Italia board members, WSJ says
Vivendi (VIVHY) plans to nominate three candidates to the board of directors of Telecom Italia (TI), reports the Wall Street Journal, citing a source. The company is expected to submit the nominations at a December 15 shareholder meeting, the source noted. Reference Link
13:24 EDTTITelecom Italia open to merger, sale of Brazilian mobile unit, Reuters says
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07:03 EDTVIVHYLiberty Media announces plan to recapitalize into three tracking stock groups
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November 11, 2015
17:13 EDTVIVHYVivendi agrees to acquire 26.2% interest in Banijay-Zodiak
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