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Judge delays TIM board standoff until May
2018-04-23 14:38:00| Telecompaper Headlines
(Telecompaper) A Milan judge has accepted the appeal lodged by Telecom Italia (TIM) and its top investor Vivendi against a decision by the company's statutory auditors to supplement the agenda of the upcoming Annual Shareholders' Meeting on 24 April with a motion proposed by activist fund Elliott to replace six Vivendi-nominated board members. The AGM to approve the company's financial results will still go ahead but the showdown over the board seats will be delayed until another shareholder meeting called for 04 May. In a statement, TIM said the agenda of the 24 April meeting will be as defined on 06 March but Elliott's proposal won't be discussed.
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Category:Telecommunications