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General

Elliott raises TIM stake to 9.4% ahead of board showdown

Thursday 31 January 2019 | 16:21 CET | News
Activist investor Elliott has increased its stake in Telecom Italia (TIM) from 8.8 to 9.4 percent ahead of another showdown with top shareholder Vivendi over how to run the operator. In an SEC filing announcing the investment, Elliott said TIM's shares are currently "undervalued and represent an attractive investment opportunity" after having plummeted nearly 40 percent over the past 12 months. It paid between EUR 0.46 and 0.525 per share for the stock between 27 December and 30 January.

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