Vivendi Board Discussed Future, Won't Disclose Decisions, if Any
June 25 2012 - 2:37AM
Dow Jones News
PARIS--Vivendi SA (VIV.FR) confirmed Monday that board and top
managers met over the weekend to discuss the company's "necessary
evolution," but declined to say what, if any, decisions were
made.
The discussions came as part of an annual meeting among top
leaders of the media and telecoms company company, which is under
pressure from shareholders to justify its collection of far-flung
assets, amid a steep slide in its share price.
Reflecting the seriousness of the topics, the company decided to
move the talks this year from its originally planned location on
the French island of Corsica to Paris, according to a person
familiar with the matter.
"The outcomes of this meeting are not to be released publicly.
Vivendi will communicate on its plans and the necessary evolution
of the group as and when appropriate," the company said in a
statement.
-Write to Sam Schechner at sam.schechner@dowjones.com