Central banks in UK, Europe and the US all set to raise rates
|Bid||20.28 x 0|
|Ask||20.86 x 0|
|Day's range||20.19 - 20.19|
|52-week range||13.75 - 25.52|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||224.34|
|Forward dividend & yield||0.50 (2.37%)|
|Ex-dividend date||25 Apr 2022|
|1y target est||N/A|
French media conglomerate Vivendi has offered remedies to address European Union (EU) competition concerns over its planned takeover of Lagardere, according to a filing on the European Commission's competition policy website. Last month, the European Commission had opened an in-depth investigation into the planned deal, amid concerns it could impact competition in the sector. The proposed deal would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, and it has come in for criticism from rivals including Gallimard.
The European Commission said on Wednesday it had opened an in-depth investigation to assess Vivendi's planned acquisition of rival Lagardere, a deal that would combine France's two biggest publishing groups. "The Commission is concerned that the proposed acquisition may reduce competition on a number of markets across the entire book value chain in French-speaking countries of the European Economic Area (EEA) and in a segment of magazine publishing in France," EU's watchdog said in a statement.
Media group Vivendi's proposed acquisition of rival Lagardere is likely to face a full-scale EU antitrust investigation, people close to the matter said on Tuesday. The proposed deal would combine France's two biggest publishing groups, Lagardere's Hachette and Vivendi's Editis, and has come in for criticism from rivals including Gallimard. To resolve European Union antitrust concerns, Vivendi's top investor - billionaire Vincent Bollore - would sell all Editis shares he would receive after the transaction, which would consist of a simultaneous distribution of the publishing unit's shares to Vivendi shareholders and its listing.