New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:11 EDTVIVHYBouygues extends bid deadline for Vivendi's SFR unit
Bouygues has informed Vivendi that it has extended the validity of its offer made on March 20. This offer has now been prolonged from April 8 until April 25. In doing so, Bouygues wishes to allow Vivendi the time to examine its offer in a calm and detailed manner, and to proceed with all the necessary discussions that such an important operation requires. Bouygues adds that it is committed to paying a break-up fee of EUR500M if the regulatory authorities were to refuse to approve the merger agreement or if Bouygues were to withdraw its request for approval on account of the conditions laid down by the regulators. This pledge underlines Bouygues' confidence that it will be able to obtain all the regulatory approvals.
News For VIVHY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2014
16:42 EDTVIVHYActivision Blizzard to receive $275M in settlement
Activision Blizzard (ATVI) announced that an agreement has been reached to settle the consolidated derivative and class action shareholder case stemming from the October 2013 purchase by the company and an investor group of 88% of Vivendi SA’s (VIVHY) shares in the company. The settlement is subject to completion of appropriate documentation and approval by the Delaware Chancery Court. Multiple insurance companies, along with various defendants, will pay Activision Blizzard $275M. The company believes the settlement, which acknowledges no wrongdoing by any party, is in the interest of all stakeholders. The board stated: “The transaction, structured through the efforts and significant personal investment of Bobby Kotick and Brian Kelly, has contributed to the creation of over $3B of value for shareholders. We are pleased to be able to put this matter to rest.” Other terms of the settlement include the addition of two unaffiliated company directors, payment of reasonable and customary fees and costs of plaintiff’s attorneys by the Company, an adjustment of voting rights and a global release of all claims against the defendants. The October 2013 transaction was approved by Vivendi SA and the company’s board following a recommendation of a Special Committee of independent directors formed by the board to negotiate the transaction on behalf of the company.
07:11 EDTVIVHYSanofi drawing up list of CEO candidates to repalce Viehbacher, Reuters reports
Sanofi's (SNY) board is in the process of drawing up a short list of CEO candidates to replace Chris Viehbacher, sources tell Reuters. Jean-Rene Fourtou, a Sanofi director and the honorary chairman of media group Vivendi (VIVHY), has been selected to lead the appointments and governance committee that will select the next CEO. Smith & Nephew (SNN) CEO Olivier Bohuon, AstraZeneca (AZN) CEO Pascal Soriot and former Wyeth CEO Bernard Poussot have been rumored to be potential contenders for the CEO position. Reference Link
November 14, 2014
11:58 EDTVIVHYVivendi reports Q3 EBITA EUR 310M vs. EUR 295M last year
Reports Q3 revenue EUR 2.41B vs. EUR 2.43B last year. Vivendi (VIVHY) said, having received the authorization granted by the French Competition Authority on October 27, the completion of the merger between SFR and Altice/Numericable Group should take place on November 27. In addition, following the agreement signed on September 18, the completion of the acquisition of GVT by Telefonica (TEF) is expected during the second quarter of 2015.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use