Vivendi (OTCPK:VIVHY)
investors are finally getting what they've long said (or most of them,
at any rate) they want - management is unwinding the conglomerate,
having sold down its stake in Activision Blizzard (ATVI) and reached agreements to sell Maroc Telecom and SFR.
The sale of the latter two will bring in close to EUR 17.2 billion,
leaving the company's management with a lot of options regarding the
future.
The company has already announced significant dividend
payouts over the next two years, but between the remaining cash,
additional asset sales, and levering up the business, Vivendi has
billions to spend. The biggest question for investors now is whether
management is likely to identify value-building acquisitions or whether
it would be best (and/or likely) to sell even more.
Continue reading here:
Will Vivendi Make The Best Use Of Its Incoming Tsunami Of Cash?
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