Vivendi Investor Pushes for Sale of Universal Music Group

Financial Times: Over the years, Peter Schoenfeld has avoided the school-bully image that accompanies so many of his U.S. hedge-fund peers. But the 70-year-old New York investor, once dubbed Wall Street’s “quiet professor of merger arbitrage,” this week took the gloves off in a highly public manner to take the fight to Vivendi. One of his objectives is to get the Paris-based media firm to sell its Universal Music Group, the world’s largest recorded music company. “UMG needs to be spun out to unlock value.”