Aegis Sets Stage for Showdown

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NEW YORK In preparation for a likely battle over control of the company at its June 14 annual meeting, Aegis Group today issued a 16-page letter to shareholders arguing against any business combination with the Bolloré Group and its chairman, Vincent Bolloré, who also chairs competing rival holding company Havas.

Bolloré, who upped his stake in Aegis earlier this week past 29 percent, has been pressing for an alliance between Havas and Aegis since last year, after he took control of the former and began acquiring shares of the latter.

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