Reported about 5 hours ago
French billionaire Vincent Bolloré's plan to split Vivendi into four separate entities to enhance shareholder value has faced challenges, with shares plummeting 16% since the announcement. Despite efforts to alleviate concerns over corporate governance and financial performance, investor skepticism is growing. As shareholders prepare to vote on the proposal on December 9, the potential for a continued conglomerate discount looms large, complicating the outlook for Vivendi's future and its subsidiaries.
Source: YAHOO