Vivendi again takes aim at Elliott in Telecom Italia fight [Seeking Alpha]
TELECOM ITALIA (TI)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
Company Research
Source: Seeking Alpha
Vivendi again takes aim at Elliott in Telecom Italia fight - Telecom Italia S.p.A. (NYSE:TI) | Seeking Alpha Tech | On the Move Vivendi again takes aim at Elliott in Telecom Italia fight Mar. 15, 2019 1:51 PM ET Telecom Italia S.p.A. (TI) Jason Aycock In a "re-establishment of the truth," Vivendi ( VIVHY +0.4% continuing to snipe +2.7% "Vivendi denounces the behavior of the Elliott-nominated Telecom Italia Board members who yesterday rejected by a majority vote the report issued by the company’s Board of Statutory Auditors, a totally independent body, citing serious irregularities related to the company’s governance and its Board," the company says. "Even the proxy advisory firms" acknowledged misconduct, Vivendi says, though those firms are all weighing in on Elliott's side Vivendi raises a number of specific, pointed governance questions in its statement, and urges shareholders to "install a truly independent board." It says only two of the boardmembers it's designated would not be
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