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Aegis Advises Shareholders To Reject Havas’ Bolloré

NEW YORK In preparation for a battle over control of the company likely to culminate at its June 14 annual meeting, London-based Aegis Group issued a 16-page letter to shareholders last Friday strongly arguing against any business combination with the Bolloré Group and its chairman, Vincent Bolloré, who is chairman of competing agency holding company Havas. But the letter also stated that Aegis remains open to proposals that benefit shareholders, including “a premium cash offer being made for the company.”

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