SFR buyout: Vivendi could study Bouygues’ new offer tonight

by bold-lichterman

No formal exchange would have taken place

A week after the filing of a new SFR takeover offer by Bouygues, the Vivendi committee could meet this evening to study this proposal according to the newspaper The echoes. This consists of an acquisition of SFR for 13.15 billion euros, ie 1.85 billion euros more than its previous offer for the part paid in cash, and 1.4 billion more “in its component in cash to the competing offer ” [lire notra article : SFR-Numericable : Bouygues contre-attaque et dépose une nouvelle offre à plus de 13 milliards, ndlr]. The daily specifies, however, that there would have been no formal exchange between the two groups. The parent company of the operator at the red square has in fact been in exclusive negotiations since March 14 with Numericable.

Otherwise, Le Figaro This morning evokes a letter from Jean-René Fourtou addressed to Martin Bouygues in which the chairman of the supervisory board specifies that “Vivendi management, mindful of the corporate interest and the interests of its shareholders and its employees, will examine this offer with all the necessary rigor, according to the criteria agreed with the special committee of the supervisory board and in strict application of our commitment to exclusivity ”.