By Giulia Petroni
Mediaset said Tuesday that a Milan court has postponed a hearing related to a dispute with hostile shareholder Vivendi until Nov. 22 to give the parties the possibility to reach an agreement.
Last month, French media group Vivendi requested that the Court of Milan issue a preliminary suspension of Mediaset's plan to merge its Italian and Spanish businesses into a new Dutch holding company. Vivendi pledged legal action arguing the strategy "disregards basic shareholders' rights" and would only benefit Mediaset's majority shareholder Fininvest.
Also, Simon Fiduciaria SpA, which holds parts of Vivendi's shares in Mediaset, issued a writ aimed at suspending the company's merger plan.
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