CEO stocking up on Viv U
Company sez Fourtou currently holds 185,629 shares
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The exec informed his board of directors earlier this week that he plans to buy shares in Viv U for his personal account and may double his stake in coming days, the company announced Thursday.
Fourtou currently holds 185,629 Vivendi shares, the company said. The stock Thursday fell 17¢ to close at e20.63 ($25.65) in Paris. At that price, Fourtou's purchase could total $4.8 million.
Vivendi, owner of Universal Music and French pay channel Canal Plus, said Sept. 14 that its second-quarter loss widened on costs related to the sale of U.S. assets to General Electric and on slumping sales of videogames.
Viv U said Wednesday that it may pay a dividend next year of at least 60¢ per share -- the first payout to investors in three years.
