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Name | Symbol | Market | Type |
---|---|---|---|
Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 11.25 | 12.25 | 0.00 | 12:30:07 |
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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