Reuters – The U.S. hedge fund P Schoenfeld Asset Management is weighing a challenge to the strategy of Vincent Bollore, the powerful chairman and largest shareholder of Vivendi, at the group’s upcoming shareholder meeting, wrote the Financial Times.
The fund has hired advisers in New York and Paris to plan a proxy fight after becoming disillusioned with the company’s share price and is preparing to submit resolutions urging Vivendi to take actions to improve it and pay higher dividends, the paper said, without citing its sources.
