Mediaset has filed a complaint with Italy’s market watchdog, accusing shareholder Vivendi of leaking information with a view to scuppering its corporate restructuring plans, reported Reuters.
Mediaset in June announced plans to place its Italian and Spanish businesses under a Dutch holding company to pursue a pan-European growth strategy.
Vivendi has criticized Mediaset’s restructuring plans, which includes strengthening a loyalty share scheme, claiming they hurt the interests of minority investors.
Mediaset in a statement on Thursday, August 22, claimed Vivendi sought to lower the price of Mediaset share prices to make it more appealing for investors to exercise withdrawal rights at the set price of €2.77 (US$3.07).
Full Content: Reuters