Vivendi Jumps After Regulator Orders Bolloré to Make Offer

Vivendi SE surged after France’s market regulator ruled billionaire Vincent Bolloré and the eponymous company he controls must make a public offer for shares within six months.

The Autorité des Marchés Financiers on Friday issued a ruling that Bolloré SE should have offered to buy out the other shareholders in last year’s breakup of Vivendi SE. The AMF said Bolloré should make a bid for shares of what remains of the original Vivendi, which is still listed in Paris and has a market value of about €3.3 billion ($3.8 billion).