UPDATE 1-Bollore raises Vivendi stake again as AGM battle looms

April 2, 2015 8:14 AM

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PARIS, April 2 (Reuters) - Billionaire businessman Vincent Bollore's holding company Bollore spent a further 568 million euros ($614 million) to raise its stake in French media group Vivendi as he gears up for a fight with activist shareholders.

U.S. hedge fund P. Schoenfeld Asset Management (PSAM) wants shareholders to back two resolutions at an April 17 annual meeting that would require Vivendi to boost returns to investors to 9 billion euros ($9.7 billion) after selling four of its six businesses.

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