Vivendi enters exclusive negotiations with Altice for SFR unit Vivendi announced its Supervisory Board met today and examined the two offers for SFR received from Altice and Bouygues. The Supervisory Board has now decided to enter into exclusive negotiations with Altice for a period of three weeks. It considers their offer to be the most pertinent for the Groupís shareholders and employees, with the opportunity for effective execution. The Altice offer comprises an EUR11.75B payment to Vivendi and a 32% share in the equity of the combined listed entity. It also provides Vivendi with pre-determined exit conditions. At the end of the three weeks, the Supervisory Board will meet again to examine the next steps and to decide if it should put an end to the other options envisaged, the company said.
News For VIVHY From The Last 14 Days
Check below for free stories on VIVHY the last two weeks.