US Vivendi Investors Were Shortchanged, But ABBA Mania & George Lucas Are The Key To Great Growth For UMG
Oct 12, 2021
Pioneering Universal Music Group will have exponential growth with a stellar team truly embracing the digital universe and this will eventually result in great returns for US investors, according to The Edge.
In February, Vivendi SE’s (VIV FP) management board asked shareholders to approve a 60 percent distribution of Universal Music Group BV’s (UMG NA) share capital by the end of 2021 (completed September 21). Shareholders were offered a distribution ratio of one share of UMG for every one share held of VIV FP, and shareholders enthusiastically supported the strategy, but there was a catch for American investors…