By Giulia Petroni

Lagardere SA said Friday that it has appointed an ad hoc committee for Vivendi SE's proposed takeover bid.

The French media company said the committee will be responsible for monitoring the process and preparing a draft opinion for the board of directors on the proposed offer.

It added that Joseph Oughourlian, head of Amber Capital, has resigned as director following Vivendi's acquisition of the activist investor's stake in Lagardere.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

December 17, 2021 12:36 ET (17:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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