Vivendi Universal Created: a Global Communications Giant; The Merger Between Vivendi, The Seagram Company Ltd. and Canal+ Has Been Completed.Business EditorsPARIS--(BUSINESS WIRE)--Dec. 8, 2000 The creation of Vivendi Universal has been overwhelmingly approved by the shareholders of Vivendi, Seagram and Canal+, thus finalizing the merger of the three companies. A very large majority of Vivendi and Seagram shareholders voting cast their votes in favor of upon the side of; favorable to; for the advantage of. See also: favor the merger (96.6 percent and 90.4 percent, respectively) on Tuesday, December 5, 2000. The shareholders of Canal+ today approved the merger by 98.6 percent of the shares voting, and the merger transactions were completed thereafter. Today's shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. of Canal+ heralded the creation of Vivendi Universal, a global communications giant, with businesses in music, the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , pay TV, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , multimedia, publishing and film. Effective Monday, December 11, 2000, Vivendi Universal shares will be listed in Paris and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and in Toronto under the form of exchangeable shares. |
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