Valeo rejects Pardus board member proposals

Newswire

PARIS, May 21 (Reuters) - Valeo shareholders rejected all board members proposed by U.S. investment fund Pardus, including its President Karim Samii, which had sought board representation at the French car parts maker. Samii won 38 percent of the shareholder votes at Valeo's annual shareholder meeting on Monday. As Valeo's biggest single shareholder with a 14 percent stake, U.S. investment fund Pardus had been aiming for board representation. Pardus wants Valeo to begin a strategy ...

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