LONDON (Brand Republic) – Shareholders in the French communications giant Vivendi and Canadian drinks and entertainment group Seagram will today cast their votes for the companies’ plans to create a global media giant by merging with Canal+, the French pay-TV group already owned by Vivendi.
Canal+ shareholders will have the chance to vote on Friday. In all three cases, two thirds of the votes must be cast in favour of the deal for it to be approved. It is thought the merger will pass through without a hitch.
The votes come as Seagram sells off its prestigious spirits arm to concentrate fully on its media interests.