Elliott urged investors in Telecom Italia (TIM) on Monday to back its plans for ...
FILE PHOTO - Telecom Italia's logo at its headquarter in Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo
PARIS - Elliott urged investors in Telecom Italia on Monday to back its plans for the Italian group rather than those of Vivendi at a vote in March, in the latest salvo in the activist fund’s row with the French media conglomerate. Elliott, which owns just under 10 percent of TIM, is locked in a battle with Vivendi over how to relaunch the debt-laden Italian firm after wresting control of the board from the French company last year.
“Elliott’s presentation outlines the clear choice facing shareholders at the upcoming shareholder vote on March 29: a choice between stability and the continued recovery of company value, or a return to Vivendi’s poor stewardship with its broken promises, track record of prolonged and pervasive value destruction, and contempt for good governance,” Elliott said in a statement.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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