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Bouygues Keeps Earlier SFR Offer Open to Vivendi 2014-04-02 06:44:32.276 GMT
By Sam Chambers April 2 (Bloomberg) -- In response to requests from Vivendi shareholders, Bouygues maintains validity of an earlier offer for SFR, which it made on March 12. * Under terms of its March 12 offer, Vivendi would receive EU11.3b cash, 43% stake in merged co. * Under terms of Bouygues’s most recent offer, Vivendi would receive EU13.15b cash and a 21.5% stake in merged co. * Says both offers remain valid until April 25. Statement * NOTE: Altice said to be considering raising cash portion of its SFR offer. Story * NOTE: A three-week exclusivity period for Vivendi and Altice to reach an agreement expires on April 4
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To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net