The long-running saga at French information author Lagardère might finally be drawing to an in depth. A takeover by media massive Vivendi would make an excellent ending for shareholders inside the troubled agency and start a model new chapter for its suitor.
Vivendi, which is managed by French billionaire Vincent Bolloré, talked about late Wednesday that it has agreed to buy the 18% stake in Lagardère constructed up by activist investor Amber Capital. Equipped the deal will get approval from antitrust authorities, Vivendi will make a takeover present for the rest of the company. Lagardère’s Paris-listed stock jumped 19% Thursday.
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