Is expected between today and tomorrow the last step of the climb of Vivendi Mediaset: with the update of the fee that should be close to 30 percent, or just under the threshold of the tender offer, aim of the giant French. And tomorrow there will be another crucial step: that is, the hearing in the Consob of the ceo of Vivendi, Arnaud de Putyfontaine. In the next few days, perhaps tomorrow, the Commission could also listen to the other people involved: namely Mediaset and Fininvest.
After the first blitz on the 3% of the share capital of Mediaset on the part of the French group, Fininvest had in fact presented to the public Prosecutor of the Republic of Milan, and to the knowledge of the Consob a complaint of market manipulation in respect of Vivendi followed in subsequent days by a exposed to the Consob and the Italian Stock exchange for market manipulation and abuse of inside information.
Meanwhile, the investors, if, as expected, between today and tomorrow will be further adjusted to the share, and considering the mode of action hostile to the company, chaired by Vincent Bolloré, continue to fondle the idea that it is quickly launched a public offer on the share capital of the company on television. The titles of the Biscione last 12 December, at a time when Vivendi announced their ambitions to grow in the share capital of the company, have gained nearly 70%. In the media on a daily basis is the state treaty of 6% of capital: in short, the rhythms from real climbing.
Vivendi (at the time the 25,75% of the share capital i.e. 26,77% of the voting rights with the aim of reaching the threshold of 30%) will still have to untie the knot of the stake in Telecom Italia, amounting to approximately 24%, since you can’t check it at the same time a considerable share of the market of telecommunications and media. Among the investors there are those who say that might give the share of Telecom Italia in Orange, there is those who, instead, who marries the thesis of an exchange with the participation of Fininvest and Mediaset.
On the intersection of investments in Mediaset and Telecom has pointed to the index, the holding company of the Berlusconi family, which has in fact filed a complaint to Agcom to report the illegality of the conduct at stake from the French company and the risk of paralysis of the activities of the industrial development of Mediaset, in reason of the cross connection with Telecom Italia. In this light, Mediaset has prompted intervention even in the provisional and urgent. And the Nra, which intervenes only in cases of reasonable doubt of the irregularity, he decided immediately to open an investigation.
Just yesterday, Silvio Berlusconi to the presentation of the book by Bruno Vespa, he explained, could not imagine “Mediaset is not driven by my family. We are, he added, ” in this absurd situation of not being able to make purchases of shares because the law requires that the majority shareholder can buy with only 5% a year.”
“Then he explained,” Silvio Berlusconi – they had a good game while we are still at 40%. To get to the 51% I hope that those committees for the defense of the Italian Mediaset that are born can lead us to rely on the vote of about 20% of the shares that are in the hands of different shareholders”. Vivendi “perhaps to help us give up to the causes that we have brought has decided that an action of force. We have made a blackmail, extortion and so we are in a battle against this hostile takeover, and we think to resist. Do not keep word – he concluded – it is something that you can accept and we believe that the judiciary should give to our cause”.
in Short, next to the battle of the Stock exchange is proceeding with the legal battle. The lawyers of Fininvest and Mediaset (studies Chiomenti, BonelliErede, Mariconda, Port and Ghedini) in these hours they would be studying the new measures. Like the bankers, the Intesa Sanpaoloe Unicredit that yesterday they had a conference call on the topic with via Paleocapa. Vivendi, for its part, is ready to respond legally (assisted by Cleary Gottlieb), and to launch further attack in these hours to shave its stake to just below 30 percent of the car company.
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