|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||22.70 - 22.84|
|52-week range||18.14 - 24.62|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||N/A|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||07 May 2020|
|1y target est||N/A|
(Bloomberg) -- Vivendi is planning to make a bid for Lagardere SA if regulators approve its plan to buy out Amber Capital’s stake, a deal that would create one of Europe’s biggest media companies.Vivendi agreed to buy 25.3 million shares of Lagardere, owner of assets including Paris Match magazine and Europe 1 radio, held by the activist investor for 24.10 euros apiece, according to a statement on Wednesday. Lagardere rose as much as 22.6% to 23.90 euros on Thursday, while Vivendi shares were li
Shares in France's Lagardere surged 20% on Thursday after media group Vivendi said it would buy another stake in the company, paving the way for a full takeover. Canal+ owner Vivendi, which already owns 27% of Lagardere, said it had agreed to buy Amber Capital's 17.9% holding for 24.10 euros per share, or about 610 million euros ($718.95 million). Vivendi said it would later launch a full bid at the same price once it has passed the 30% threshold requiring companies in France to make a takeover offer.
Additionally, gold futures fell 0.4% to $1,787.35/oz, while EUR/USD traded 0.3% lower at 1.1782.