The Voice of Online Marketing | MEDIA KIT | NEWS TIPS
The latest practical news and developments at the intersection of search, email,
social media, mobile marketing, web analytics, online advertising, ecommerce and more.
Marketing News on Twitter Interactive marketing RSS newsfeed
Advertisement
Advertisement
MARKETING JOBS

Fidelity to Try Blocking Bollore's Aegis Takeover Bid

French newspaper reports indicate that Aegis Group is considering contacting U.K. watchdog group the Takeover Panel about concerns that billionaire Vincent Bollore - who owns 29 percent of Aegis - is working in concert with another investor to bring his holding over the 30 percent needed to launch a full-blown takeover.

Manila-based fund EFL holds a 2 percent stake in the company which, if combined with Bollore's 29.1 percent, would require Bollore to make a bid, reports Brand Republic (via MediaBuyerPlanner).

Meanwhile, U.S. mutual fund Fidelity, which has an 8.96 percent stake in Aegis, is said to have concerns that Bollore, as chairman of rival Havas, would have conflicts of interest were he on the board of Aegis. Fidelity is considering blocking Bollore's bid for two seats on the board, according to the article.

Search

Related Topics

Advertisement
Related stories:

Subscribe to MarketingVOX|News

Latest interactive marketing news Latest media planning news & facts Latest marketing data & research