Lagardere's Attempts to Block Progress Halted by French Court
By Wyser-pratte Management Co., PRNETuesday, April 6, 2010
NEW YORK, April 7, 2010 - Franco-American Financier and Activist Guy Wyser-Pratte announced today
that the French Court had rejected Lagardere SCA's (MMB.PA) attempts to
thwart progress at the Company by requiring that his shareholder proposals be
published in the BALO for consideration at the Company's April 27th, 2010
AGM/EGM. This will allow Mr. Wyser-Pratte the right to put the future legal
form of the company, currently a French limited partnership with shares, and
his nomination as a director to a shareholder vote.
Mr. Wyser-Pratte commented: "I am very encouraged by the Court's
decision, it will now be up to shareholders to decide the fate of their
company and not the general partner owning less than one-tenth of Lagardere.
I urge all shareholders to help us move the Company away from a legal
structure that limits growth and toward one that provides opportunity to
maximize value for all owners."
Media, Guy Wyser-Pratte, Wyser-Pratte Management Co., Inc., +1-646-735-5000; or Investors, Bob Marese or Keith Parnell, both of MacKenzie Partners, Inc. for Wyser-Pratte Management Co., +1-212-929-5500
Tags: April 7, France, New York, United Kingdom, Wyser-pratte Management Co.