Vivendi makes long-awaited offer to buy stake in Havas

Discussion in 'Wall St. News' started by dealmaker, May 15, 2017.

  1. dealmaker

    dealmaker

    Vivendi makes long-awaited offer to buy stake in Havas
    Havas is in play, as its majority shareholder Groupe Bollore entersdiscussions with French entertainmentand media group Vivendi over its $2.56 billion offer today for the Bollore stake. Havas and Vivendi are already connected through the Bollore family and its web of shareholdings.In a long-expected move, Vivendi today made an indicative offer for the approximately 60% stake Groupe Bollore owns in Havas, at a price of 9.25 euros per share, to be financed using Vivendi`s available cash.(Ad Age)