Vivendi and Lagardere confirmed in separate releases that approximately 11 million shares in Lagardere were tendered during the first round of Vivendi’s buyout offer, giving it 55.43 percent of the share capital in Lagardere. A second round of the main tender offer opens May 27 and closes on June 9, still at the offer price of 25 euros a share. Thereafter, during a subsidiary period until the end of 2023, shareholders can tender their stock for the lower price of 24.10 euros a share. (They will still receive dividends during that time until shares are tendered; the higher, early offer […]
