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Industry: Email Alert RSS FeedValeo shareholders prepare for battle; Two investment funds at odds over acquisitions, financial management.(Suppliers)
Automotive News Europe, March, 2007
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Byline: David Barkholz
Two big Valeo shareholders appear to be on a collision course over who should control the global auto parts maker and whether the company should make acquisitions.
Guy Wyser-Pratte, whose investment funds own 2.6 percent of Valeo's shares, said the supplier should make no more acquisitions until operations are turned around. He said he plans to launch a proxy fight in May for control of Valeo's board of directors.
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But activist shareholder Karim Samii has other ideas. His hedge fund, Pardus Capital Management LP, wants Valeo to buy Visteon, ...
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