So we know that Vivendi did an initial offer to buy Lagardère at 25 € (25,5 € with the dividend) and that there is a subsidiary offer at 24,1€ until the 15th of December 2023.
I'm wondering if the opportunity cost could be very high and not worth the relative safety of this investment. Both Bolloré and Arnault are known to be patient (I'm less aware of the Qatar fund habits). They could wait years before squeezing out the company without any large risk. At worst one of these "big" minority shareholder would sell some shares on the markets.
Many thanks for your clear (as always) update.
I'm wondering if the opportunity cost could be very high and not worth the relative safety of this investment. Both Bolloré and Arnault are known to be patient (I'm less aware of the Qatar fund habits). They could wait years before squeezing out the company without any large risk. At worst one of these "big" minority shareholder would sell some shares on the markets.
Interesting company, thanks for highlighting it.