PARIS (Agefi-Dow Jones)–The publishing and media group Vivendi has raised the price of its takeover bid (OPA) for Lagardère from 24.10 to 25.50 euros per share, according to the draft offer filed Monday with the Financial Markets Authority (AMF) and published the same day by the police of the Paris Stock Exchange.
Vivendi raised the price of its takeover bid for Lagardère after observing that the “resop” of the distribution and media group, which is its main indicator of profitability, had become positive again last year.
On Friday, Vivendi announced that it was considering raising the price of its takeover bid on Lagardère to 25.50 euros, after having indicated in December 2021 that it wanted to buy the company for 24.10 euros per share, i.e. the price at which the Amber Capital fund had given it. then sold its Lagardère shares. Vivendi currently holds 63,693,239 Lagardère shares representing 45.13% of the company’s capital.
“The initiator does not intend to request the implementation of a squeeze-out at the end of the public offer” and “the draft memo in response from Lagardère including in particular the report of the independent expert and the reasoned opinion of the board of directors will be submitted later”, indicated the AMF.
In response to these announcements, Lagardère shares rose 0.1% to 25.32 euros, while Vivendi shares fell 1.1% to 11.32 euros.
-Dimitri Delmond, Agefi-Dow Jones; 01 41 27 41 37; [email protected] ed: VLV – ECH
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February 21, 2022 10:56 ET (15:56 GMT)