Vivendi stock rises as AMF requires buyout offer for minority shareholders

Shares in Vivendi VIV rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE BOL would have to launch a public buyout offer.

The AMF said Vincent Bolloré and its holding company will have to file a squeeze-out offer within six months, requiring it to buy all the shares owned by minority shareholders to delist Vivendi from the stock exchange.

The process will only close after the French Supreme Court rules on pending appeals, it said.