On December 9, 2024, shareholders of Vivendi overwhelmingly approved a restructuring plan that will split the company into four separate entities, with over 97% voting in favor. This decision comes amidst significant industry activity, including notable mergers among competitors. Mondelez International ($MDLZ) is reportedly in discussions to acquire Hershey ($HSY$), while Arthur J. Gallagher ($AJG) has announced a $13.5 billion insurance deal. Additionally, Interpublic Group ($IPG) and Omnicom Group ($OMC) are merging their advertising agencies, and Pactiv Evergreen ($PTVE) is involved in a $3.2 billion packaging deal. These developments highlight a busy period for mergers and acquisitions within the market, particularly as Vivendi's restructuring takes place.