UPDATE 3-Valeo keeps options open as funds circle firm


(Adds share gains) By Marcel Michelson PARIS, April 25 (Reuters) - Valeo, the second-largest car parts supplier in Europe, said a request for eight board seats from its biggest investor, Pardus Capital Management, was "excessive" on Wednesday.. But Valeo Executive Chairman Thierry Morin added the board representation was open for discussion. "It is not me who sets the agenda, the one that drums up the financing determines the timetable," Morin said. He said he hoped the period of ...

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