Seeking Alpha

Bouygues sweetens offer for Vivendi's SFR

  • Bouygues (BOUYY) has increased the cash component of its of bid for Vivendi's (VIVEF) SFR to €15B ($20.6B) from €13.15B in a deal valued at €16B, or up to €16.5B including an "earn-out clause."
  • Vivendi would also receive 10% of a new company that would be formed from a merger between SFR and Bouygues Telecom.
  • Vivendi's supervisory board is meeting today to decide whether to finalize a deal with its preferred bidder, Altice, which has made a bid valued at €20B including debt. Altice has offered €11.75B to merge its Numericable unit with SFR, with Vivendi to get 32% in the combined firm. Bouygues' bid could re-open the process.
  • Previous
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs