Activision: Court denies Vivendi deal injunction

By Associated Press
July 2, 2008
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Activision Inc. said Wednesday a Delaware court has denied a request by the Wayne County Employees' Retirement System for a preliminary injunction relating to its proposed buyout by France's Vivendi SA.

Activision's shareholders are scheduled to vote on the deal on July 8. If passed, it would give Vivendi a 52 percent stake in the video game publisher.

A lawyer for Wayne County Employees' Retirement, based in Detroit, was not immediately available for comment.

Activision's shares fell $2.53, or 7.4 percent, to close at $31.58.
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