Elliott Raises Stake in Telecom Italia to 8.8%
April 09 2018 - 9:35AM
Dow Jones News
By Alberto Delclaux
Activist investor Elliott Management Corp. has raised its stake
in Telecom Italia SpA (TIT.MI) to 8.8%, according to a regulatory
filing on Monday.
The news comes as Elliott pressures Vivendi SA (VIV.FR), holder
of a 24% Telecom Italia stake, for changes at the telecoms company.
The power struggle between the two recently triggered the
resignation of eight Vivendi-affiliated board members, forcing a
complete reshuffle of the board.
Shareholders will vote for a new board on May 4.
Read more about the Telecom Italia tug-of-war on:
https://on.wsj.com/2GKAIUX
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
April 09, 2018 09:20 ET (13:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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