UPDATE 2-Vivendi reaches deal with activist shareholder to lift payouts

April 9, 2015 11:50 AM

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* PSAM and Vivendi agree to carry out review of situation by 2017 (Recasts, adds analyst, shares)

PARIS, April 9 (Reuters) - French media group has seen off a challenge from an activist hedge fund by agreeing a more than 1 billion euros ($1 billion) increase in payouts to investors, without compromising on a key resolution that would give more power to its chairman Vincent Bollore.

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