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0 0 0.0117695961995249 0.00118764845605698 -0.0855106888361045 -0.0463182897862231 -0.0368171021377671 -0.0201900237529691
Stock impact report

‘Paddington' Firm Canal+'s Shares Down On Day One Of London Trading [Yahoo! Finance]

VIVENDI SE UNSP/ADR (VIVHY) 
NASDAQ:AMEX Investor Relations: vivendi.com/en/investment-analysts
Company Research Source: Yahoo! Finance
Canal+ debuted on the London Stock Exchange earlier, with execs attending an opening morning ceremony to mark the major move. More from Deadline Canal+ To Become Standalone Company As Vivendi Shareholders Approve Spinoff Plan Vivendi Board Gives Go-Ahead For Business Split & Sets December Shareholder Vote; Bob Bakish To Join Canal+ Board Mediawan & Studiocanal Strike First Ever Distribution Deal On Sports Commentary Format 'Hit The Mic!' The British government hailed the decision to list in London as a “vote of confidence” in the UK, although shares were down 20% just after 12 p.m. (4 a.m. PT) local time at about 231p. This gives Canal+ a valuation of around £2.3B ($3.1B), well below the €5B ($5.3B) estimate made by JP Morgan analysts last month. We are told the dip was largely expected among investors, as many Vivendi shareholders who automatically assumed Canal+ stock have been forced to sell as they are restricted to owning non-French stock. A source told Deadline that Show less Read more
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