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General

Elliott to request resignation of up to 7 TIM directors - report

Monday 12 March 2018 | 08:38 CET | News
Activist investor Elliott Management may have already increased its stake in Telecom Italia (TIM) to just above 5 percent in its bid to counter how the operator's largest investor Vivendi is running the company, reports Il Sole 24 Ore. The fund now plans to request the resignation of at least 5 and up to 7 board members, including chairman Arnaud de Puyfontaine and CEO Amos Genish, and replace them with Italian directors, said the same paper in a separate report, adding that an ordinary shareholders' meeting is set to take place on 24 April.

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