Vivendi Plans Takeover Bid for Lagardère SA

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Call it a corporate coup d'état, to borrow a fitting French phrase.

Paris-based media conglomerate Vivendi said Thursday it will launch a takeover bid for a controlling stake in fellow French media conglomerate Lagardère "in the coming days," to be followed by a bid for the full company early next year. The move comes after Vivendi spent much of the past two years becoming Lagardère's largest shareholder, and concludes a tug-of-war between some of Europe's wealthiest individuals.

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Source Fool.com