(CercleFinance.com) – Lagardère announces that Qatar Holding LLC has declared to it that it does not intend to tender its Lagardère shares to the main or subsidiary branch of the public offer filed by Vivendi on February 21 and approved by the AMF April 12.
Qatar Holding, which holds 11.52% of the group’s capital, however specified that it could consider purchasing or selling Lagardère shares depending on market opportunities and/or applicable regulatory requirements.
As a reminder, as part of its takeover bid open from April 14 to May 20 inclusive, Vivendi is primarily proposing to acquire all of the existing Lagardère shares that it does not hold, at a unit price of 25.50 euros dividend attached .
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