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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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March 3, 2015
05:50 EDTVIVHYVivendi downgraded to Underperform from Hold at Jefferies
March 2, 2015
10:00 EDTVIVHYOn The Fly: Analyst Downgrade Summary
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08:47 EDTVIVHYVivendi downgraded to Underperform from Market Perform at Raymond James
February 27, 2015
13:03 EDTVIVHYVivendi sees return to shareholders of approx. EUR 5.7B by mid-2017
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13:02 EDTVIVHYVivendi says board accepts Altice offer for rest of SFR
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13:01 EDTVIVHYVivendi reports FY14 revenue EUR 10.1B, adjusted EBITDA EUR 999M
Reports FY14 adjusted net income EUR 626M. Looking to FY15, the Group expects a slight growth in revenues fueled by the development of UMG streaming and Canal+ Groupís international activities. The income from operations margin should be close to that of 2014. Vivendi also expects a increase in its adjusted net income of approximately 10% mainly thanks to lower restructuring charges and interest expense.
February 19, 2015
08:30 EDTVIVHYBrazil regulators reach prelim deal on Telefonica, Vivendi merger, Reuters says
Brazil's antitrust regulator has reached a preliminary merger deal with Telefonica (TEF) and Vivendi (VIVHY) that sees the companies agreeing to "adopt measures to effectively assure supply, quality and competitive prices for fixed-line telephone, broadband internet and pay-TV markets," reports Reuters, citing an official gazette. The antitrust board must now also accept the agreement before the merger can take place. Reference Link
February 18, 2015
06:20 EDTVIVHYVivendi says Altice makes EUR3.9B offer to buy Numericable-SFR stake
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