UPDATE 1-Activist hedge fund says will not seek to replace Vivendi board

April 3, 2015 1:51 PM

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PARIS, April 3 (Reuters) - U.S. hedge fund P. Schoenfeld Asset Management (PSAM) will stop short of seeking to replace the board of Vivendi at an April 17 shareholders' meeting, despite opposing the French media group's stance on shareholder returns.

"We are not planning to try to put any new directors on the agenda," Peter Schoenfeld told Reuters in an interview. "We have no plans in that respect at all."

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