Vivendi Makes Long-Awaited Offer to Buy Majority Stake in Havas
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Havas is in play, as its majority shareholder Groupe Bollore enters discussions with French entertainment and media group Vivendi over its $2.56 billion offer today for the Bollore stake.
Havas and Vivendi are already connected through the Bollore family and its web of shareholdings. Vincent Bollore heads Groupe Bollore and is also the chairman of Vivendi and a shareholder in that company as well as Havas; his son Yannick Bollore is CEO of Havas.
In a long-expected move, Vivendi today made an indicative offer for the approximately 60% stake Groupe Bollore owns in Havas, at a price of 9.25 euros per share, to be financed using Vivendi`s available cash. That price represents a premium of 8.8% over the closing price for Havas shares on May 10, 2017.
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