Vivendi plans to raise the price of its takeover bid for Lagardère | Photo credits: Flickr
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PARIS, Feb 18 (Reuters) – Vivendi said on Friday it was considering raising the price of its tender offer for Lagardère shares.
The media giant announced in mid-December that it intended to file a takeover bid in February resulting from the acquisition of the shares sold by Amber Capital at a price of 24.10 euros per share.
In a press release, Vivendi specifies that it plans to guarantee this price of 24.10 euros until December 15, 2023 and “to increase, for those of the shareholders wishing to sell their shares immediately, the price of its public tender offer at 25.50 euros per share, from which the 2021 dividend would be deducted”.
Vivendi’s final decision on the terms of its public offer will be taken by its management board and made public on February 21, 2022, the date also envisaged for its filing, adds the group.
Lagardère shares took 3.5% on the Paris Stock Exchange in response to this information. (Written by Jean-Stéphane Brosse)