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Posted on: May 4, 2018, 10:21 a.m.
Shareholders have ousted the previous board, dominated by French conglomerate Vivendi. : Telecom Italia's shareholders have voted to form a new board, ending a bitter battle for control between activist investor Elliott Management and French conglomerate Vivendi. Elliott Management, an activist fund run by its billionaire founder Paul Singer, won the vote securing two-thirds of seats on Telecom Italia's board. Elliott had accused Vivendi of failing shareholder interest in Italy's biggest phone company and subsequently forced Friday's vote over the ... Full investment news articleRelevent to this post: Paul Singer,