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General

Elliott, independent directors mulling complaint over Vivendi's TIM move - report

Monday 26 March 2018 | 08:59 CET | News
Activist investor Elliott Management together with statutory auditors and independent directors at Telecom Italia (TIM) are considering filing a complaint to the government or markets regulator Consob over Vivendi's move to trigger the resignations of 8 directors, according to sources cited by Il Corriere della Sera. The news comes after 8 Vivendi-backed directors including TIM chairman and Vivendi CEO Arnaud de Puyfontaine surprisingly resigned last week, prompting the postponement of the company's 24 April AGM. Shareholders have now been called to vote for a new board on 04 May.

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