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General

Vivendi hedges Activision stake

Friday 12 June 2015 | 11:02 CET | News
French media group Vivendi, seeking to benefit from the growth in the US equity markets, today announced that it has hedged its remaining 41.5 million share stake in game maker Activision Blizzard, representing 5.7 percent of the company's total common shares. This hedge was accomplished through the entry into an approximate 18-month zero premium collar transaction after close of trading on 10 June. In connection with this transaction, Barclays Bank as counterparty to the transaction effected a block sale of approximately 36 million Activision Blizzard shares borrowed in the market. Following

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Categories: General
Companies: Vivendi
Countries: France / United States
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