- Telecom Italia (MI:TLIT) (TI +1.1%) statutory auditors are still reviewing a complaint by top shareholder Vivendi (PA:VIV) (VIVHY +0.8%), saying the conditions to call the special shareholders meeting Vivendi requested aren't yet met.
- Vivendi lost control of the board to Elliott Management last spring, but exercised its right in December to call for a special meeting (separate from a planned March 29 general meeting) in order to propose a new slate of its own.
- After an evaluation, "in relation to the Board’s decision we consider that the conditions for the exercise of the powers to convene a specific meeting pursuant to Art. 2367 have not been met," the auditors say.
- Previously: TIM Brazil unit set to return Labriola to board after short absence (Feb. 04 2019)
- Previously: Telecom Italia +4.4% as Elliott raises stake to 9.4% (Jan. 31 2019)
- Now read: Vonage Holdings (VG) Presents At 21st Annual Needham Growth Conference - Slideshow
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