Aegis urges shareholders to reject Bollore's nominees

10/26/2006 | Advertising Age (tiered subscription model)

For the second time this year, Aegis Group is opposing the nominees to the board from its largest shareholder, French financier Vincent Bollore, who holds 29.3% of the holding company; under French law, Bollore would be required to make a bid for the company once his stake exceeded 30%. Ahead of the general meeting called by Bollore for Nov. 22, Aegis is advising shareholders to resist the efforts of any individual to gain "creeping control" of the company without paying its full and fair value.

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