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BOSTON Havas today urged shareholders to vote against a request made last week by investor Vincent Bolloré to place himself and three members of his management team on the holding company’s board of directors.
In a statement, Havas said its board unanimously recommends the veto because Bolloré has failed to make his long-term intentions clear, “particularly regarding strategy,” and has not put forth a plan to increase “the potential for value creation for Havas shares.”
Havas’ next shareholders meeting is scheduled for June 9.
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