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Stock Market & Financial Investment News

News Breaks
April 5, 2014
19:14 EDTVIVHYVivendi selects the Altice/Numericable offer for SFR
The company said in a press release on its web site: "On its meetings of April 4 and 5, Vivendiís Supervisory Board reviewed the results of the negotiations with Altice/Numericable regarding a combination with SFR as part of a mutually-agreed exclusive period signed on March 14. It also carefully reviewed the offers, as well as letters and documents that the Bouygues Group decided to send to the Supervisory Board during this exclusive period, up until today, in connection with a combination between SFR and Bouygues Telecom. The Supervisory Board was presented with the report from the Special Committee created to examine the different options available to Vivendi. This Committee, assisted by its own advisers, analyzed the Altice/Numericable offers as well as those from the Bouygues Group over eight working sessions held both behind closed doors and in the presence of its advisers . After thorough discussions, the Supervisory Board decided unanimously to select the Altice/Numericable offer which corresponds to the industrial project offering the highest growth potential, generating the highest value for its customers, employees and shareholders, while best meeting Vivendiís objectives... Vivendi selected the most balanced offer between cash upfront and stock participation allowing the group to benefit from the highest total valuation. While pursuing its announced strategy to focus on media, Vivendi wants to support SFR, its 27 year-long subsidiary, by strengthening its industrial and social structure. The Vivendi Supervisory Board has therefore chosen to receive EUR13.5B at closing of the transaction as well as a potential earn-out of EUR750M, with a possibility to sell its 20% stake at a later stage. This should represent a total value in excess of EUR17B. This balance between cash upfront and future upside from industrial value creation fits with Vivendiís philosophy, an industrial and financial group concerned about creating long term value in the interest of shareholders, employees and consumers." Reference Link
News For VIVHY From The Last 14 Days
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August 28, 2014
09:09 EDTVIVHYVivendi confirms exclusive talks with Telefonica to acquire GVT
Vivendi (VIVHY), as previously disclosed, received binding offers from Telefonica (TEF) on August 4 and 28 and Telecom Italia (TI) on August 28 to acquire GVT. "In the light of the Groupís strategy and in the best interests of its shareholders, the Supervisory Board decided to enter into exclusive negotiations with Telefonica while emphasizing the relevance and quality of the Telecom Italia offer. The divestment from GVT would allow selling the last telecom company wholly-owned by Vivendi after the disposals of Maroc Telecom and SFR. Telefonicaís offer is considered particularly attractive, generating a capital gain of more than EUR 3B. The other conditions of the offer, limiting to a strict minimum the risk of executing the operation as well as Vivendiís commitments after the sale, are totally in line with Vivendiís objectives. The agreement between Telefonica and Vivendi would allow the development of joint projects in ​​content and media. In addition, if it so wish, Vivendi could become a shareholder in Telecom Italia by exchanging its Brazilian shares for Italian ones. The Telefonica offer best meets the Groupís strategic and financial objectives," Vivendi stated.
09:07 EDTVIVHYVivendi reports 1H earnings in line with expectations
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06:23 EDTVIVHYTelefonica submits new offer for Vivendi GVT unit
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06:10 EDTVIVHYTelecom Italia revises offer for Vivendi's GVT to EUR7B
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August 27, 2014
09:38 EDTVIVHYTelefonica to contemplate improving GVT offer, WSJ says
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August 26, 2014
15:52 EDTVIVHYTelecom Italia to offer Vivendi $9.2B for GVT unit, Reuters says
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06:36 EDTVIVHYTelefonica board mulls increasing GVT offer, Bloomberg says
Telefonica's (TEF) board is aiming to talk about increasing its bid for Vivendi's (VIVHY) GVT division, and could potentially value the business at nearly $10.6B, according to Bloomberg, citing a person with knowledge of the matter. The source noted that the raised offer might be presented prior to Vivendi's upcoming board meeting in two days and before Telecom Italia (TI) finalizes a competitive bid. Reference Link
August 19, 2014
06:26 EDTVIVHYTelecom Italia board plans meeting to discuss GVT bid, Reuters says
Telecom Italia (TI) is poised to have a board meeting sometime next week to talk about making a takeover bid for Vivendi's (VIVHY) GVT division, according to Reuters, citing a source close to the matter. The source said, "Certainly nothing will happen this week," but explained that the meeting was likely to occur on August 27. Reference Link
August 18, 2014
13:32 EDTVIVHYTelefonica adds content deal in bid for Vivendi GVT unit, Reuters says
Telefonica (TEF) has added to its bid for Vivendi's (VIVHY) Brazilian broadband telecoms business, GVT, by offering Vivendi a television content-sharing deal, says Reuters. The content-sharing deal offered by Telefonica brings its total offer to approximately $9.4B which is in-line with what Telecom Italia (TI) may counter bid for GVT, added Reuters. Reference Link
August 17, 2014
13:51 EDTVIVHYTelecom Italia looks to outbid rival for Vivendi's GVT unit, Bloomberg says
Telecom Italia (TI) is preparing to outbid Telefonica (TEF) and offer as much as $9.4B for Vivendiís (VIVHY) Brazilian broadband unit GVT, says Bloomberg. Reference Link
August 14, 2014
13:27 EDTVIVHYTelecom Italia confirms talks with Vivendi for potential Brazilian combination
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13:16 EDTVIVHYTelecom Italia confirms in talks with Vivendi for alliance
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