(Reuters) Elliott Advisors does not believe Telecom Italia shareholders will need to choose a new board in May if they back the board candidates proposed by the activist investor at a meeting next month, the hedge fund said on Wednesday. Elliott, which wants to improve governance and performance at TIM by shaking up the way top shareholder Vivendi runs the Italian phone group, has built a potential holding of 5.7 percent. Earlier this month, it called for six.
Elliott Sees no Need for May Vote on T. Italia board if April AGM Backs Fund
This entry was posted in Syndicated. Bookmark the permalink.