Wyser-Pratte Issues Letter to Shareholders With a View to Rescuing Lagardere
By Wyser-pratte Management Co., PRNEWednesday, April 14, 2010
NEW YORK, April 15, 2010 - Franco-American activist Guy Wyser-Pratte today issued a letter to
shareholders of Lagardere SCA (MMB.PA) relating to the upcoming 2010 AGM/EGM.
Mr. Wyser-Pratte is seeking shareholder support in his bid toward election to
the Supervisory Board and for change to the Company's limited partnership
with shares structure. In his letter, Mr. Wyser-Pratte, shares his desire to
create shareholder value, turn the tide of dismal share price performance at
the Company and reign in the abusive two-tier structure that concentrates
disproportionate power and control in the hands of the General Partners,
including Arnaud Lagardere. The full content of the letter can be viewed at
www.ourmaterials.com/rescuelagardere/ .
Shareholders are encouraged to research the facts and draw their own
conclusions about how badly their Company is being run. Notably, the abysmal
share price performance, the non-independent majority on the Supervisory
Board, and the discounts inherent to both the structural and
conglomerate-nature of the Company.
Lagardere's AGM/EGM will be held on April 27th, 2010 at 10:00 AM, at
Palais des Congres, 2 place de la Porte Maillot, Paris, 17eme.
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 +33-0800-911181
or via e-mail at proxy@mackenziepartners.com.
Bob Marese & Keith Parnell, both of MacKenzie Partners, Inc., +1-212-929-5500, or +44-(0)-203-178-8057, for Wyser-Pratte Management Co.
Tags: April 15, France, New York, United Kingdom, Wyser-pratte Management Co.