Monday, 16 September 2019

Vivendi withdraws bid to oust 5 directors from TIM's board

By Chris Kelly, Total Telecom
Monday 01 April 19

Vivendi remains Telecom Italia's biggest shareholder, with a stake of approximately 24%

Telecom Italia's biggest shareholder, Vivendi, has withdrawn its petition to remove 5 board members loyal to activist investor, Elliott Management Fund. TIM's boardroom is currently embroiled in the grips of a battle between its biggest shareholder Vivendi and activist investor fund Elliott Management. Elliott currently controls the fragile balance of power in the TIM boardroom…

Telecom Italia's biggest shareholder, Vivendi, has withdrawn its petition to remove 5 board members loyal to activist investor, Elliott Management Fund. TIM's boardroom is currently embroiled in the grips of a battle between its biggest shareholder Vivendi and activist investor fund Elliott Management. Elliott currently controls the fragile balance of power in the TIM boardroom…

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