Wyser-Pratte Congratulates Lagardere for Taking Steps to Dispose of Stake in Canal+
By Wyser-pratte Management Co. Inc., PRNEThursday, April 15, 2010
Issues Open Invitation to Lagardere to Meet Before the Company's AGM/EGM to Discuss the Future of 'Our' Company
NEW YORK, April 16, 2010 - Financier and Activist Guy Wyser-Pratte said that he was pleased that the
management of Lagardere SCA (MMB.PA) had taken steps towards the disposal of
Canal+ which he believes is a positive move toward reduction of the
conglomerate discount. He noted that this was a strategic sale that could
accelerate much needed shareholder value creation by the Company, but only if
sold at the right price.
Mr. Wyser-Pratte is requesting that Arnaud Lagardere meet with him over
the weekend prior to the AGM/EGM to discuss the future of "Our Company" and
stated: "the agenda of the meeting would be to discuss the implementation of
a full strategic review, to assess avenues which would create the best
outcome in terms of shareholder value creation, including but limited to the
potential change to the corporate governance structure." He added: "I am
hopeful that Mr. Lagardere will enter into a cordial dialogue with me in the
best interests of the Company and its shareholders."
Mr. Wyser-Pratte continues to urge shareholders to support his two
resolutions being presented at the 2010 AGM/EGM to be held on April 27.
VOTE YOUR LAGARDERE SCA SHARES TODAY! Vote FOR resolutions: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 14, A and B Vote AGAINST resolutions: 11 and 13
Your vote is important, no matter how many or how few shares you own. If
you have any questions or need any assistance voting your shares, please do
not hesitate to contact our proxy solicitor, MacKenzie Partners, Inc., by
toll-free telephone in the US at 800-322-2885 or +1-212-929-5500 (Collect);
or in the UK +44-(0)203-178-8057; or in France toll-free at 0800-911181 or
via e-mail at proxy@mackenziepartners.com.
Bob Marese & Keith Parnell, both of MacKenzie Partners, Inc., +1-212-929-5500, +44-(0)203-178-8057
Tags: April 16, France, New York, United Kingdom, Wyser-pratte Management Co. Inc.