Pursuits
Bulls Cheer Vivendi as Clash With Activist Schoenfeld Escalates
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Investors see a bullish outcome to Vivendi SA’s tussle with Wall Street activist Peter Schoenfeld.
Traders may be betting that the French media company’s chairman, Vincent Bollore, will at least partially cave in to Schoenfeld’s demands to increase shareholder returns, says Liberum Capital Ltd.’s Ian Whittaker. Calls are the most expensive versus bearish puts in nine months, one-month options data compiled by Bloomberg show.