(Reuters) -Shares in Vivendi rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE
Vivendi Shares Surge Following AMF's Buyout Requirement for Minorities
(Reuters) -Shares in Vivendi rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE would have to launch a public buyout offer.
The AMF said Vincent Bolloré and its holding company will have to file a squeeze-out offer within six months, requiring it to buy all the shares owned by minority shareholders to delist Vivendi from the stock exchange.
The process will only close after the French Supreme Court rules on pending appeals, it said.
(Reporting by Mathias de Rozario in Gdansk; editing by Barbara Lewis)
