Ubisoft to buy back 4 million shares to defend against Vivendi takeover

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Vivendi currently holds a 27 percent stake in Ubisoft and under French law, if Vivendi hits a 30 percent share, then it is required to make a buyout offer. Vivendi has yet to confirm whether or not it actually plans to make a buyout bid for Ubisoft, but the consistent rise in shares seems to indicate that it is planning to.

Ubisoft buying back shares will help delay Vivendi’s potential buyout bid but it might not stave it off entirely.

Source: Kitguru

Slightly dodgy logic here. All the rising price tells us is that the markets think it might happen & that the possibility is already priced in.

It's an interesting play though...this will both flush out shareholders that are on the edge of selling and also boost prices so good defensive manoeuvre.