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Stock Market & Financial Investment News

News Breaks
August 5, 2014
05:39 EDTTEF, VIVHY, TITelefonica 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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October 24, 2014
06:39 EDTTITelecom Italia nears agreement to divest TIM mobile towers, Reuters says
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October 21, 2014
09:12 EDTVIVHYGNC, eBay, Vivendi recommended as long ideas by Sandler, Bloomberg reports
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October 17, 2014
07:26 EDTTEFTelefonica axes 1.6K German jobs after E-Plus deal, WSJ says
As Telefonica gains E-Plus, the company's German division will reduce over 1.6K staff members in the country, according to The Wall Street Journal, citing a person familiar with the matter. Telefonica's German division employs 9.1K workers total at the moment. Reference Link
07:05 EDTVIVHYVivendi division, collaborator mull TVN stake sale, Bloomberg says
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October 14, 2014
09:51 EDTTITelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link

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