|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||4.5880 - 4.6360|
|52 Week Range||2.7680 - 4.6360|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||31.92|
|Earnings Date||Jul 30, 2021|
|Forward Dividend & Yield||0.06 (1.31%)|
|Ex-Dividend Date||Jun 10, 2021|
|1y Target Est||4.34|
Shareholders in Vivendi applauded on Tuesday the French media giant's plan to spin off its $39 billion Universal music business, underpinning Vincent Bollore's grip on the group and ignoring concerns expressed by several funds. Bluebell Capital Partners and investment fund Artisan Partners said the transaction was unfavourable to some investors, setting the stage for what could have been a standoff between the French tycoon and some minority shareholders. Instead, the proposal to spin-off Universal Music Group (UMG), which involves distributing 60% of Universal's shares to Vivendi shareholders, received more than 99% of the votes in favour.
French billionaire Vincent Bollore's family-owned group has pledged to media giant Vivendi that it will not request an exemption to file a tender offer on Vivendi's shares if it crosses the 30% threshold in capital ownership or voting rights, Vivendi said. Vivendi's June 22 annual shareholders' meeting will have a resolution giving Vivendi the possibility of buying back and cancelling up to 50% of its capital, prompting some investors to question the rationale of such a proposition. Bollore is Vivendi's top shareholder with a 27% stake in the company.
LONDON (Reuters) -Jaguar Land Rover's (JLR) fourth-quarter results next week will be "good news" and the carmaker is open to doing more in partnership with other companies, including going further on an existing relationship with BMW, its boss said on Wednesday. "You don't know what is quarter four but I can tell you that it's going to be good news again," Chief Executive Thierry Bollore said at an online FT conference. JLR is due to report next week alongside parent company Tata Motors.