Vivendi will buy activist fund Amber’s stake in Paris Match owner Lagardere “in the coming days,” it said on Thursday, accelerating a deal that would extend its influence over French media ahead of next year’s presidential election.
Vivendi announced in September its plan to acquire Amber’s almost 18% stake in Lagardere for 24.10 euros per share and then file a full takeover offer at the same price.
The deal will lift Vivendi’s Lagardere stake to 45.1%, with the tender offer for the remaining shares to be filed by February 2022.
Read more/Source: Reuters
