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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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September 19, 2014
06:17 EDTVIVHYTelefonica acquires Brazil's GVT from Vivendi
Spanish telecom company Telefonica (TEF) agreed to buy Brazilian telecom unit Global Village Telecom, or GVT, from Vivendi (VIVHY) for EUR4.66B in cash as well as a payment in shares representing 12.0% of the share capital of Telefonica Brasil, after its integration with GVT. As part of the agreement, Vivendi has accepted Telefonicaís offer to acquire 1.1B ordinary shares held by Telefonica in Telecom Italia (TI), currently representing 8.3% of Telecom Italiaís voting share capital (corresponding to 5.7% of its total share capital), in exchange of 4.5% of Vivendiís capital in the company resulting from the integration between Telefonica Brasil and GVT.
September 9, 2014
11:34 EDTVIVHYVivendi considers stake in Mediaset TV unit, Bloomberg reports
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11:22 EDTVIVHYVivendi considers stake in Mediaset TV unit, Bloomberg reports
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September 8, 2014
10:06 EDTVIVHYOn The Fly: Analyst Downgrade Summary
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08:12 EDTVIVHYVivendi downgraded to Market Perform from Outperform at Raymond James

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