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Vivendi stock rises as AMF requires buyout offer for minority shareholders

Vivendi stock rises as AMF requires buyout offer for minority shareholders

Yahoo11 hours ago
(Reuters) -Shares in Vivendi rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE would have to launch a public buyout offer.
The AMF said Vincent Bolloré and its holding company will have to file a squeeze-out offer within six months, requiring it to buy all the shares owned by minority shareholders to delist Vivendi from the stock exchange.
The process will only close after the French Supreme Court rules on pending appeals, it said.
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Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo - View original content to download multimedia: SOURCE BCC Research LLC

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