1. Vivendi and Amber to go to Court Over Lagardere's EGM Refusal

    Vivendi and Amber to go to Court Over Lagardere's EGM Refusal

    (Reuters) - French media conglomerate Vivendi and activist fund Amber Capital - the two biggest shareholders in French company Lagardere - said they would go to court over Lagardere's refusal to hold a special shareholders meeting. The legal challenge highlights an intensifying and bitter battle to gain influence over Lagardere, which has pitted French billionaires Vincent Bollore and LVMH's Bernard Arnault against each other...

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    1. Following the refusal by the Supervisory Board and the Managing Partners of Lagardère concerning the respective proposals from Amber Capital and Vivendi, these two companies will refer the matter to the Paris Commercial Tribunal to seek a shareholders meeting, in accordance with the law and with their August 10 agreements.
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