(Reuters) - "We are open to discussions but any board representation for Pardus should honour certain conditions -- it should be proportional to their stake, there should be no conflict of interest and it should not constitute a creeping takeover," Chairman and Chief Executive Thierry Morin told a meeting with analysts on its results, which were published on Tuesday.
Pardus Capital Management is Valeo's biggest single shareholder, with over 13 percent of the company, and has urged Valeo to acquire all or parts of U.S car parts group Visteon Corp .
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