Vivendi: Management Board Reaction
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Vivendi (VIVHY) Shareholder Proposes EUR 9B Distribution to Close Valuation Discount
March 23, 2015 3:31 PM EDTP. Schoenfeld Asset Management LP ("PSAM") announced that on March 23 it submitted two resolutions (the "PSAM Resolutions"), on behalf of select clients who own 7,500,000 shares of Vivendi (OTCBB: VIVHY), to the Vivendi Management Board for inclusion on the agenda of the Company's Combined General Meeting to be held on April 17, 2015. PSAM's clients also own 3,189,281 additional shares of Vivendi. In aggregate, the shares have a market valuation of approximately 236,821,000 as of market-close on Friday, March 20, 2015. PSAM has been a Vivendi shareholder since July 2012.
PSAM believes that Vivendi is... More
