Vivendi is on track to own a 57.35-percent stake in Lagardère, the French media, publishing and travel retail conglomerate, following a public tender offer which took place May 27 to June 9.
If approved by the anti-trust board, Vivendi will also own 47.33 of the voting rights of Lagardère. As part of the IPO, which Vivendi described as “friendly,” an additional 20,245,979 shares have been presented, bringing their number to 31,184,281 shares for the totality of the tender offer. The holders of these shares will receive an equal number of transfer rights at a price of €24.10 until Dec. 15.
Vivendi previously owned 45.1 of the Lagardère capital through its acquisition of a 17.5 stake from Amber Capital during the fourth quarter of 2021. The deal placed Vivendi above the 30 share capital and voting right threshold in Lagardere, allowing the company to make a takeover bid. Vivendi began investing in Lagardere with a 10.6 stake in April 2020, when the company’s president Arnaud Lagardère,...
If approved by the anti-trust board, Vivendi will also own 47.33 of the voting rights of Lagardère. As part of the IPO, which Vivendi described as “friendly,” an additional 20,245,979 shares have been presented, bringing their number to 31,184,281 shares for the totality of the tender offer. The holders of these shares will receive an equal number of transfer rights at a price of €24.10 until Dec. 15.
Vivendi previously owned 45.1 of the Lagardère capital through its acquisition of a 17.5 stake from Amber Capital during the fourth quarter of 2021. The deal placed Vivendi above the 30 share capital and voting right threshold in Lagardere, allowing the company to make a takeover bid. Vivendi began investing in Lagardere with a 10.6 stake in April 2020, when the company’s president Arnaud Lagardère,...
- 6/14/2022
- by Elsa Keslassy
- Variety Film + TV
Vivendi, the parent company of Canal Plus Group, is set to acquire a 17.5% stake in Lagardere, the French media, publishing and travel retail conglomerate, from Amber Capital in the next few days.
Vivendi will own 45.1% of the Lagardère capital following the acquisition of 24,685,108 shares at a price of €24.10 ($27.27) per share. The company said the transaction will not imply any cash transfers from either party since Amber Capital will keep the funds received as cash collateral from Vivendi.
If approved by regulatory authorities, the transaction will place Vivendi above the 30% share capital and voting right threshold in Lagardere. As such, Vivendi said it will make a takeover bid at the same price, €24.10 per share, for the remaining stake in Lagardère on Feb. 2022. Other shareholders in Lagardere include Arnaud Lagardere, as well as Qatar Holding and Financière Agache, the holding of Lvmh president Bernard Arnault.
Following the deal, Vivendi will own 36.1% of...
Vivendi will own 45.1% of the Lagardère capital following the acquisition of 24,685,108 shares at a price of €24.10 ($27.27) per share. The company said the transaction will not imply any cash transfers from either party since Amber Capital will keep the funds received as cash collateral from Vivendi.
If approved by regulatory authorities, the transaction will place Vivendi above the 30% share capital and voting right threshold in Lagardere. As such, Vivendi said it will make a takeover bid at the same price, €24.10 per share, for the remaining stake in Lagardère on Feb. 2022. Other shareholders in Lagardere include Arnaud Lagardere, as well as Qatar Holding and Financière Agache, the holding of Lvmh president Bernard Arnault.
Following the deal, Vivendi will own 36.1% of...
- 12/9/2021
- by Elsa Keslassy
- Variety Film + TV
Vivendi, the parent company of Canal Plus and Universal Music Group (Umg), is planning to acquire an additional 17.93% stake in Lagardere, the French media, publishing and travel retail conglomerate, from its leading shareholder Amber Capital.
The move comes as Vivendi is getting ready to list Umg, its biggest money-making asset and the world’s largest music company, at the Amsterdam stock exchange on Sept. 21.
Vivendi first entered into Lagardere’s capital with a 10.6% stake in April 2020, when the company’s president Arnaud Lagardère, who inherited the illustrious banner from his father, Jean-Luc Lagardère, clashed with Amber Capital and was threatened to be pushed aside.
With Amber Capital’s stake, Vivendi will own 45.1% of Lagardere’s share capital and 36.1% of the voting rights. Amber Capital has accepted Vivendi’s offer to pay €24.10 ($28.3) per share for its 25,305,448 shares.
If approved by regulatory authorities, the transaction would place Vivendi above the 30% share capital...
The move comes as Vivendi is getting ready to list Umg, its biggest money-making asset and the world’s largest music company, at the Amsterdam stock exchange on Sept. 21.
Vivendi first entered into Lagardere’s capital with a 10.6% stake in April 2020, when the company’s president Arnaud Lagardère, who inherited the illustrious banner from his father, Jean-Luc Lagardère, clashed with Amber Capital and was threatened to be pushed aside.
With Amber Capital’s stake, Vivendi will own 45.1% of Lagardere’s share capital and 36.1% of the voting rights. Amber Capital has accepted Vivendi’s offer to pay €24.10 ($28.3) per share for its 25,305,448 shares.
If approved by regulatory authorities, the transaction would place Vivendi above the 30% share capital...
- 9/16/2021
- by Elsa Keslassy
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.