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General

Activist fund Elliott eyeing Telefonica stake - report

Friday 14 December 2018 | 15:07 CET | News
US activist fund Elliott Management has been exploring the possibility of following up its recent intervention in Telecom Italia (TIM) with a move to build up a stake in Spain's former incumbent Telefonica, according to unnamed sources cited by business daily Expansion and news website El Confidencial. The New York-based fund reportedly set its sights on Telefonica earlier this summer when the company's share price fell below EUR 7 last month, having lost 70 percent of its value in the past 11 years and 24 percent since Jose María Alvarez-Pallete took over as CEO in April 2016. According to

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Categories: General
Companies: Telecom Italia / Telefonica / TIM / Vivendi
Countries: Spain
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Comments

Bit embarrassing to publish this article a few hours AFTER Elliott has issued a formal denial of it...
RM RMRM @ 14/12/2018 - 15:18


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