|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.00 - 21.32|
|52 Week Range||11.61 - 28.48|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||28.04|
Shareholders in the French publishing and retail group, including Bernard Arnault and Vincent Bolloré, have approved a new structure that strips CEO Arnaud Lagardère of his iron-clad control.
Two of France's richest businessmen are close to a deal over media and publishing company Lagardere that would hit pause on their attempts to cherry-pick its assets for several years, three sources close to the discussions said on Sunday. Vincent Bollore, the top shareholder in Lagardere via his Vivendi group, and luxury goods tycoon Bernard Arnault, also a Lagardere investor, have been at the centre of a tussle over the firm and its influential media outlets for months. The saga has transfixed top political circles in France a year ahead of a presidential election, with some in President Emmanuel Macron's camp fearing that Bollore could seize assets like Lagardere's Europe 1 radio and build up a powerful ring-wing outlet that would go against his campaign.
Macron fears that if media tycoon Vincent Bollore wins Lagardere, he could use its Europe 1 radio to inundate the airwaves with right-wing views and make the president's re-election bid even tougher, two sources close to the matter said. "The situation is being followed closely from on high," one of the two sources told Reuters.