Vivendi employees back Bollore against activist challenge

March 31, 2015 6:11 PM

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Vivendi employees back Bollore against activist challenge

PARIS (Reuters) - Vivendi employees have come out in support of chairman and largest shareholder Vincent Bollore and have opposed a call by a U.S. hedge fund to sell one of the French media group's two remaining businesses.

Activist investor P. Schoenfeld Asset Management (PSAM), which says it owns 0.8 percent of Vivendi, has urged Vivendi to consider spinning off Universal Music Group, one of its two remaining businesses alongside Canal Plus.

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