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>> VIVENDI Latest News

MAR 27, 2015 - New York Times

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Vivendi Chairman’s Group Increases Stake in Company

Vincent Bolloré, one of France’s richest men, raised his holding to 10.2 percent from 8.15 percent, at a cost of about $693 million.

Tags: Vivendi Chairman’s Group Increases Stake in Company,  Vivendi Latest News

MAR 26, 2015 - TheStreet

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PSAM Doesn't Expect to Win Vivendi Vote, Says Source Close to Activist Investor

NEW YORK (The Deal) -- Activist investor P. Schoenfeld Asset Management doesn't expect to win its battle to force Vivendi to distribute €9 billion ($9.9 billion) of cash to shareholders but may still win part of the war it set out to fight. The New York-based hedge fund believes Vivendi's shareholders are likely to reject its two motions to return cash ...

Tags: PSAM Doesn't Expect to Win Vivendi Vote, Says Source Close to Activist Investor,  Vivendi Latest News

MAR 26, 2015 - Forbes

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Dealing With The Activists At The Gate

Vincent Bolloré , Chairman of French media firm Vivendi, has today increased his stake from 8.15% to 10.2%, revealed in a statement  by his conglomerate Groupe Bolloré. Earlier this week Vivendi urged shareholders to reject demands by US activist hedge fund P. Schoenfeld Asset Management (PSAM),  for a larger payout from the proceeds of recent asset sales. The fight appears to be on.

Tags: Dealing With The Activists At The Gate,  Vivendi Latest News

MAR 26, 2015 - Wall Street Journal

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Groupe Bolloré Raises Stake in Vivendi

French conglomerate Groupe Bolloré said Thursday it has again boosted its stake in Vivendi SA, bulking up the influence of chairman Vincent Bolloré as he faces a challenge from an activist shareholder.

Tags: Groupe Bolloré Raises Stake in Vivendi,  Vivendi Latest News

MAR 26, 2015 - Forbes

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Vivendi Activist Investor Should Agitate To Eliminate Sky High Corporate Costs

PSAM, the hedge fund run by Peter M. Schoenfeld  has complained to Vivendi  in the form of Board resolutions broadcast through the media that they believe Vivendi is “significantly undervalued due to its excessive cash holdings, inadequate capital return policy and the uncertainty over Vivendi’s future use of its capital.”

Tags: Vivendi Activist Investor Should Agitate To Eliminate Sky High Corporate Costs,  Vivendi Latest News