Pursuits
Vivendi Plans Extra Payout in Compromise With Shareholder
This article is for subscribers only.
Vivendi SA agreed to pay an additional dividend of 2 euros ($2.16) a share to accommodate demands by Wall Street activist Peter Schoenfeld for bigger returns.
The Paris-based owner of France’s biggest pay-TV company and the world’s largest music company said Wednesday it will consider further payouts should its acquisition strategy require less cash than expected over the next two years.