TIM investor Merlyn proposes plan to cut debt, have $7 bln in cash [Yahoo! Finance]
TIM S.A. American Depositary Shares (Each representing 5 Common Shares) (TIMB)
Company Research
Source: Yahoo! Finance
sold its Brazilian unit and its domestic consumer business, activist investor Merlyn Partners calculated. In a document outlining its vision for TIM, Merlyn - which holds 0.5% of the group - drew up six scenarios ahead of an April 23 shareholder vote to name new top executives at TIM. Four of the six scenarios are built around the proposed sale of TIM's domestic access network to KKR, an up to 22 billion euro deal promoted by TIM CEO Pietro Labriola, who is seeking reappointment this month. Merlyn also studied the possibility of retaining the fixed line network while selling the domestic consumer business and Brazilian phone carrier TIM SA. The plan "offers an alternative path for TIM. It addresses any contingent scenario to make sure that the much needed deleveraging of TIM happens as soon as possible," it said. Merlyn is challenging the reappointment of Labriola, who has come under pressure following a record stock plunge last month after TIM disclosed the financial outloo
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News
- Best Income Stocks to Buy for April 16th [Yahoo! Finance]Yahoo! Finance
- TIM investor Merlyn proposes plan to cut debt, have $7 bln in cash [Reuters]Reuters
- What Makes TIM (TIMB) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Tim S.A. (NYSE: TIMB) had its price target raised by analysts at Barclays PLC from $19.50 to $20.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why TIM S.A. Sponsored ADR (TIMB) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
TIMB
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/17/24 - Form 6-K
- TIMB's page on the SEC website