Telecom Italia Chief to Meet With Elliott Management -FT
March 08 2018 - 11:46AM
Dow Jones News
--The Chief Executive of Telecom Italia, Amos Genish, will meet
representatives of activist investor Elliott Management on Friday,
the Financial Times reports.
--Mr. Genish, however, said a board shake-up would not be in the
interests of shareholders, the FT says. Mr. Genish added that he
would resist any attempt to force the business to merge its
Brazilian phone network with that of Oi, which he said is a likely
motivation for Elliott's move, according to the newspaper.
--Elliott has built a shareholding in Telecom Italia, and this
week said that "governance, valuation, strategic direction...would
be improved by replacing certain members of the board," the FT
reports.
Full story: http://on.ft.com/2Dcpodl
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(END) Dow Jones Newswires
March 08, 2018 11:31 ET (16:31 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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