Vivendi SA completed the acquisition of additional 35.5% stake in Havas SA from FMR LLC, Board and managers of Havas and others.
Vivendi SA (ENXTPA:VIV) made an offer to acquire remaining 40.8% stake in Havas SA (ENXTPA:HAV) from FMR LLC, Board and managers of Havas and others for 1.6 billion on August 29, 2017. As part of the deal, Vivendi will acquire 172.6 million shares in Havas through a tender offer at a price of 9.25 per share. The offer will remain open for ten days through a period from September 21, 2017 to October 4, 2017. The deal is subject to approval from AMF. The Offer is not subject to any condition requiring the presentation of a minimum number of shares in order for it to have a positive result. Furthermore, the Offer is not subject to any conditions for obtaining an authorization for merger control or for regulatory matters. BNP Paribas SA (ENXTPA:BNP) and Natixis S.A. (ENXTPA:KN) acted as the financial advisors for the deal. On September 19, 2017, AMF approved the tender offer.
Vivendi SA (ENXTPA:VIV) completed the acquisition of additional 35.5% stake in Havas SA (ENXTPA:HAV) from FMR LLC, Board and managers of Havas and others for 1.4 billion on October 4, 2017. Vivendi acquired 150.3 million shares pursuant to the offer ended on October 4, 2017.