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General

Elliott formally asks TIM to replace 6 board members

Thursday 15 March 2018 | 14:16 CET | News
Telecom Italia (TIM) has confirmed the receipt of a request from activist fund Elliott and other investors to include a motion to replace six board members, including its chairman, in the agenda of its shareholder meeting scheduled for 24 April. In a statement, TIM said its board is due to meet in the coming days to decide on the request from investment funds Elliott International LP, Elliott Associates LP and the Liverpool Limited Partnership to replace the operator's chairman and Vivendi CEO Arnaud de Puyfontaine plus five other directors, not including CEO Amos Genish.

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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