32bit library package fails on a 64bit system reporting "Error: Protected multilib versions:"

Issue

• We are unable to install i686 libraries on a 64bit system. During installation of this library, yum is reporting a multilib protection issue as shown below and causes the installation to fail.

# yum install libXxf86vm.i686 
Loaded plugins: downloadonly, product-id, refresh-packagekit, rhnplugin, security, subscription-manager
Updating certificate-based repositories.
<snip>
Error: Protected multilib versions: libXxf86vm-1.1.2-2.el6.i686 != libXxf86vm-1.1.0-1.el6.x86_64
 You could try using --skip-broken to work around the problem
 You could try running: rpm -Va --nofiles --nodigest