Group already owns 36.2 per cent of the world’s sixth largest advertising company.
The Havas board has approved the Bolloré Group’s attempt to buy a controlling stake in the company. At a meeting yesterday the Havas board reviewed the findings of an independent report into the offer. The report said Bolloré’s offer is fair as it “offers a premium on Havas’s intrinsic value”.
The Bolloré Group filed a share exchange offer of nine shares in Bolloré Group for five shares of Havas on 17 October. The offer represents a 19.5 per cent premium on the price of Havas shares prior to the deal being made public.
The “group committee” of Havas employees approved the deal on 27 October.
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