Elliott Takes 10 of Telecom Italia's 15 Board Seats, Leaving Vivendi With Five
May 04 2018 - 9:20AM
Dow Jones News
Activist investor Elliott Management took two-thirds of the
seats on Telecom Italia SpA's (TIT.MI) board of directors after a
vote at Friday's annual general meeting.
Out of the 15 board members, 10 will be Elliott appointees,
while Vivendi SA (VIV.FR)--the largest shareholder with a 24%
stake--will only hold five seats.
This story was translated in whole or in part from an
Italian-language version initially published by Milano Finanza-DJ,
a partner of Dow Jones & Co.
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
May 04, 2018 09:05 ET (13:05 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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