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Vivendi move to drop board reshuffle bid 'courageous' - TIM CEO
2019-04-01 09:28:00| Telecompaper Headlines
(Telecompaper) The chief executive of Telecom Italia (TIM) Luigi Gubitosi has described the decision of leading shareholder Vivendi to withdraw its proposal to replace five board members at the Italian operator as "courageous" and a first move towards peace. US fund Elliott seized control of the board of directors in May, when 10 of its proposed independent candidates were appointed, together with 5 Vivendi-nominated directors, in a 15-strong board. However, Vivendi subsequently called for the removal of TIM chairman Fulvio Conti and four other Elliott-appointed directors on grounds of a "substantial lack of independence" and for conspiring to replace TIM CEO Amos Genish, a former Vivendi executive, a motion it revoked just ahead of the 29 March shareholders meeting.
Vivendi withdraws bid to oust 5 directors from TIM's board
2019-04-01 02:00:00| Total Telecom industry news
Telecom Italia's biggest shareholder, Vivendi, has withdrawn its petition to remove 5 board members loyal to activist investor, Elliott Management Fund. TIM's boardroom is currently embroiled in the grips of a battle between its biggest shareholder Vivendi and activist investor fund Elliott Management. Elliott currently controls the fragile balance of power in the TIM boardroom…read more on TotalTele.com »
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Sports Direct mulls GBP61.4m Debenhams takeover bid
2019-03-27 14:00:00| Daily apparel & textile news and comment - from just-style.com
Shares in Debenhams remained up by more than 54% this afternoon (27 March) after Mike Ashley-owned Sports Direct International Plc said it is considering a "possible" offer of GBP61.4m (US$81.1m) to take full control of the struggling British department store chain.
Tags: sports
direct
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Findel urges shareholders to reject Sports Direct bid
2019-03-27 13:27:00| Daily apparel & textile news and comment - from just-style.com
Online value retail and education business Findel says a takeover bid from UK sportswear retailer Sports Direct is "highly opportunistic and significantly undervalues" the company.
Tags: sports
direct
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shareholders
Mike Ashley's Sports Direct considers Debenhams bid
2019-03-27 08:42:28| BBC News | Business | UK Edition
Sports Direct considers making 61m buyout offer for the struggling department store chain.
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