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General

Elliott slams TIM decision to challenge board change request

Wednesday 11 April 2018 | 10:19 CET | News
Activist fund Elliott has released a statement slamming the decision by the board of Telecom Italia (TIM) to ask a court to rule on whether Elliott's proposal to replace six Vivendi-nominated board members should be put to a vote at the upcoming Annual Shareholders' Meeting on 24 April. Elliott described the decision to challenge the 24 April agenda as "another cynical attempt by Vivendi to avoid accountability and delay a shareholder vote," adding that the move was nothing short than an "assault on shareholder rights."

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