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Vivendi Likely to Ask for Best and Final Offers, Jefferies Says 2014-04-04 14:35:10.626 GMT
By Sam Chambers April 4 (Bloomberg) -- Vivendi will now probably ask Bouygues and Numericable for their best and final offers for SFR and then seek shareholder approval to mitigate risk of potential litigation, Jefferies says. * Jefferies: addition of strategic investors has transformed the credibility of Bouygues’s offer and co’s shareholders would still benefit from deal * Numericable will struggle to match cash portion of Bouygues’s offer, although co. could boost its proposed rights issue by EU1b * NOTE: Earlier, Bouygues raised the cash portion of its SFR offer by EU1.85b to EU15b. Story * NOTE: Liberum says Vivendi now likely to demand more cash from Altice * NOTE: Exclusive talks between Vivendi, Altice over SFR sale set to end today
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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