Vivendi confirms Lagardère takeover bid
Under French laws, a company must make a tender offer for all remaining shares once its stake in another company exceeds 30%. Vivendi confirmed it will be making an offer to buy remaining shares at a price of €24.10 per share by February 2022.
Vivendi owns French publisher Editis, as well as other media properties including pay TV group Canal+ and right-leaning news channel CNEWS.
Category: International news