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VIVHY Vivendi SE (PK)

12.00
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
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

Elliott Raises Stake in Telecom Italia to 8.8%

09/04/2018 2:35pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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   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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