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Vivendi SFR French Deal Preferred; New Bidder Unlikely: Liberum 2014-03-11 07:36:59.696 GMT
By Blanche Gatt March 11 (Bloomberg) -- Vivendi sale of SFR unit to Bouygues favored by Industry Minister Arnaud Montebourg makes increasingly clear that regulatory/govt prefer a “French solution,” Liberum says in note. * Liberum reiterates buy, PT EU27; says newsflow on sale negotiations, bids all positive * Numericable, Bouygues have till tomorrow to raise their “already high” bids * In theory, a new bidder could enter; this is unlikely * NOTE yday: Bouygues Negotiates $2.5 Billion Mobile-Asset Sale to Iliad * NOTE yday: Numericable Should Boost SFR Cash Bid to EU13b: Jefferies
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To contact the reporter on this story: Blanche Gatt in London at +44-20-7392-0351 or bgatt@bloomberg.net To contact the editors responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net Tim Barwell