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Vivendi is considering splitting itself into three separate units to boost the share price on the Paris Euronext market.
The French firm believes its stock trades at a “significantly high conglomerate discount,” which reduces the company’s valuation and limits its “ability to carry out growth transactions for its subsidiaries.”
Vivendi’s stock trades at €9.95 Euros. It has traded in the range of €7.99 and €10.22 since Jan. 1. The stock traded as high as €13.60 (9/10/21) during the past five years.
The company’s subsidiaries include Havas ad/PR business, Canal+ Group mass media operation and an investment company with a big stake in Lagardere, publishing and travel retail group.
CEO Arnaud de Puyfontaine claims the trio is experiencing strong growth with numerous investment opportunities.
Havas is the parent of H/Advisors Abernathy, financial communications, and PA shop.
H/Advisors has offices in the US, UK, Ireland, Germany, France, Spain, Belgium, China, Australia, Singapore and Japan.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
