RUMOR MILL
Monday, June 26, 2000
VIVENDI TO OFFER IPO
French Company To Go Public With Utility Business
Vivendi, proposed purchaser of Universal Music Group parent Seagram, said it expects to raise about 4 billion euros ($3.75 billion) in an initial public offering of its utility business as part of its plans to transform itself into a television, music and Internet company.
Vivendi said it will price the 30%-35% it's selling of the unit at 35-40 euros each, Bloomberg reports.
The shares will start trading in Paris on July 12.
The company also said it rejected a 30 billion euro cash offer from RWE, Germany's largest power company, in favor of the IPO. Shares in the utility unit are expected to start trading on the New York Stock Exchange during first-quarter 2001.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
