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Vivendi rejects call to spin off Universal Music

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Vivendi Sa rejected a call by an activist investor to spin off its music business and said it will examine a proposal for higher dividend.

New York

VIVENDI SA rejected a call by an activist investor to spin off its music business and said it will examine a proposal for higher dividend.

The company rebuffed a December suggestion by New York-based hedge fund P Schoenfeld Asset Management LP for Vivendi to spin off its