Vivendi called the U.S. listing a step toward consolidating properties it plans to acquire into Vivendi Universal, the new post-merged company, Reuters reports.
The listing is also seen as a way raise awareness of Vivendi among U.S. investors, sources said.
"Receiving approval to list our shares on the NYSE has been a major priority for Vivendi," said Jean-Marie Messier, Chairman/CEO of the company. "Vivendi shares will now be broadly available for trading by U.S. investors."
Vivendi announced plans in June to acquire Seagram for about $29 billion in stock. Vivendi also said in June it planned to merge with its 49%-owned pay TV unit Canal Plus.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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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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