SuperNova on 02 May 2016
Ka-pi96 said:
Actually 30% is significant because under French law if they were to get that amount they would be required to make an offer for the rest of the stock. The other shareholders wouldn't have to accept the offer but IIRC the minimum amount Vivendi could offer would be the highest amount they've paid for any of their shares in the last 12 months, so it would likely be a pretty good offer for the other shareholders. But of course if no one takes up that offer and they stay at 30% then that wouldn't be enough for them to effectively control Ubisoft just yet. |
Ok, that makes more sense now. Thanks for clearing that up for me.
That's a wierd law regardless.
