Glass Lewis sides with Vivendi on hedge fund's dividend proposal

April 1, 2015 4:59 PM

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PARIS, April 1 (Reuters) - Shareholder advisory firm Glass Lewis declined to support a campaign by a U.S. hedge fund to get French media group Vivendi to return more money to shareholders after a series of asset sales, according to a report seen by Reuters.

However, Glass Lewis did back another resolution submitted for vote an April 17 shareholder meeting by French fund PhiTrust to bar Vivendi from implementing a French law giving double voting rights to any shareholder owning the stock for more than two years.

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