French conglomerate Bouygues has made an offer for the telecoms arm of Vivendi that would give the seller a bigger potential payday than a rival bid but take longer to arrive and face more regulatory risk.Bouygues, with interests from telecoms to construction, offered 10.5 billion euros ($14.4 billion) in cash for Vivendi's SFR and 46 percent of the new company in a planned spin-off.A competing bid from French cable operator Numericable included 11 billion euros in cash, granting Vivendi a 32 percent stake in the new company, sources said earlier.A tie-up between SFR and Bouygues would create Europe's seventh-biggest telecoms group by sales. In France it would rank ahead of current market leader Orange in terms of market share.
Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN traded higher by 10.26% or $1.29/share to $13.86. In the past year, the shares have traded as low as $9.10 and as high as $14.68. On average, 621190 shares of ORAN exchange hands on a given day and today's volume is recorded at 2599539.
Source
