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Levy resigns from Polygram

Monday 22 June 1998 23:02 BST
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Levy resigns from Polygram

ALAN LEVY yesterday stepped down as chief executive of Polygram, the music company. His resignation came after Philips, Polygram's main shareholder, cut the price Seagram, the Canadian drinks and entertainment giant, will pay for Polygram by $200m to $10.4bn (pounds 6.2bn).

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