Vivendi said-done. Has not lost time Vincent Bollorè. On Monday the media company transalpina announced it had exceeded the threshold of 3% in the share capital of Mediaset, and yesterday announced that it had already be the ascent of 12,32%. The response of Fininvest did not have to wait. In the evening, the holding company of the Berlusconi family, which until yesterday had the share of reference Mediaset with 34,7%, has informed to have bought 27,66 million ordinary shares of the group’s television and they have entered into a contract with the right to detect, in the day of today, 14 million titles and an additional package that is equivalent to a total of 3,527% of the share capital. The participation of Fininvest s alt, then the 38,266% and, considering the treasury shares held by Mediaset and equal to 3,795% 39,775% of the voting rights. If desired, the portion of the reference member, may be rounded off again to reach the 5% of additional capital, without incurring the obligation to Takeover bids. For the twelve months then would not have allowed other purchases, if not precisely by launching an offer on the market. In the meantime, Fininvest has filed a complaint in the Prosecutor’s office for “market manipulation” against Vivendi.
the French side is said to be over here, since at the onset, as a shareholder of Mediaset Vivendi had made known, voluntarily, to be concerned to detect the “first time” of up to 20%. Difficult, if not impossible, knowing the financial ability of Bolloré, that additional purchases have been made yesterday when the title Mediaset, between continuous stop & go to excess in the rise, has come to conclude the session in progress of 31,86% to 3,584 euro.
In the scenario of a siege of Vivendi, if not a real climb, with the title, Mediaset is reported in the course of a single session the price levels around which he was traveling before the "cancellation" of the French to the agreement signed in the spring for passage of the hand of the Premium.
you announce you want to buy to escape the price, unless it is a bluff. And the bluff was not. It is possible that Vivendi had already availability of the actions from the day before, for direct purchases or maybe for the exercise of the call options. If he had in the hand of the other, should denunciarle within five days from the subscription, except in the case of contracts put&call entered into with the same counterparty, in which case you may keep the paper covered. But even if one had in hand only the of the put options, to protect a possible retreat in the event of malaparata, Vivendi would not be required to make it public. In fact, the press release of yesterday does not provide any detail if not dry, held yesterday in the portfolio.
So, who bought that 11,71% of the share capital of Mediaset, which is passed from hand to hand yesterday, and the prices are more and more overheated (it was scored a maximum of 3,688 euro)? Certainly, the market speculation that, scenting blood, is located. Fininvest has already done his part, but still this is not enough to explain the major leap experienced by Mediaset in one sitting, and the volumes that are impressive that are being exchanged. Someone is raking in the titles and then offer them to the highest bidder, or deploy them in support of one of the two sides in a long battle of trench? In October, the mapping of the float in the hands of institutional saw the italians in the minority position with 3.5%, while 23.3% of the share capital of Mediaset it was due to investors in north america, with France and the Benelux countries at 8.1%, and the Uk to 7.3%. The names of the most important, Lazard asset management with an estimated share of 5.6%, Mackenzie col 2: 7%, norg es Bank with 1.8%.
Consob has not intervened to ask the complaint of investments potential by Vivendi because, if there were any, with the caveats described above, it should be communicated to the law. However, did you know that you have enabled, as is standard practice when there are strong movements on a title, the usual monitoring of the trade.
By Mediaset no new. What he had to say, said the day before, when she made known through a press release arrived in the late evening and get hired as a advisor to Intesa and UniCredit, that is to say, the first two Italian banks, in order to protect the interests of all the shareholders and those of the company, verifying the compatibility of the real intentions of the French with the strategies of the group. In the same note, Mediaset had confirmed that she was unaware of the moves of Vivendi, which is open a dispute on the legal plan for compliance with the contract signed on 8 April, which provided for the passage of 100% of Premium under the insignia of the French, and a share exchange mutual between Vivendi and Mediaset, which is limited to 3.5%, with the graft in the respective board of a representative of the other group.
The Serpent, in fact, he writes that the purchase of Vivendi ‘ took place in total knowledge of the company, and outside of any agreement with Mediaset,” and furthermore, that from the 25th of July, the date of the “cancellation” French, “there was no contact between the two companies, and even attempts friendly to solve anything”.
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