Vivendi Supervisory Board to Meet End of August, Liberum Says
2014-08-05 10:44:38.924 GMT
By Blanche Gatt
Aug. 5 (Bloomberg) -- Vivendi’s Supervisory Board meeting
will be at end August, ahead of expiry of Telefonica bid for GVT
on Sept. 3, Liberum says in emailed comments, citing
conversation with co.
* Liberum (buy) says this will also allow any other bids to be
presented, considered
* Offer of purchase of 8.1% stake in Telecom Italia was
offered in lieu of part of the cash component of the bid
for GVT, meaning Vivendi could choose to take the stake
instead of the cash
* Doesn’t see why Vivendi would do this, so likely that
co. will take the cash, if the Telefonica bid is
accepted
* NOTE today: VIVENDI STREET WRAP: Telefonica GVT Bid Positive
for Shares
* Vivendi 1H earnings on Aug. 28
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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 editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-08-05 10:44:38.924 GMT
By Blanche Gatt
Aug. 5 (Bloomberg) -- Vivendi’s Supervisory Board meeting
will be at end August, ahead of expiry of Telefonica bid for GVT
on Sept. 3, Liberum says in emailed comments, citing
conversation with co.
* Liberum (buy) says this will also allow any other bids to be
presented, considered
* Offer of purchase of 8.1% stake in Telecom Italia was
offered in lieu of part of the cash component of the bid
for GVT, meaning Vivendi could choose to take the stake
instead of the cash
* Doesn’t see why Vivendi would do this, so likely that
co. will take the cash, if the Telefonica bid is
accepted
* NOTE today: VIVENDI STREET WRAP: Telefonica GVT Bid Positive
for Shares
* Vivendi 1H earnings on Aug. 28
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Blanche Gatt in London at +44-20-7392-0351 or
bgatt@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net