Nickel: Elliott sues the London Metal Exchange for 456 million dollars
The lawsuit was filed by the Elliott fund for the halt to trading established on March 8 following the explosion in nickel prices
Tim, Elliott drops to 6,9%: shareholders' meeting on April 23rd
The US fund has significantly reduced its stake in the capital of the Italian TLC, of which it controls the board - An exit strategy due to the coronavirus but above all to a possible surrender in the face of the rise of CDP.
Twitter, Dorsey saves the job: agreement with Elliott and Silver Lake
Twitter has signed an agreement with Silver Lake and Elliott that allows its CEO, Jack Dorsey, to remain in office. Silver Lake will invest a billion in Twitter.
Milan and Twitter in the crosshairs of the Elliott Fund: via Maldini and Boban
Elliott without brakes: Paolo Maldini and Boban out of the Milan leadership - Battle to change the CEO of Twitter - Only in Telecom, among the companies owned by Elliott, tranquility reigns
Telecom Italia, Cipolletta option for the presidency
The president of Assonime, Innocenzo Cipolletta could become the new president of Tim if today, as it seems, Fulvio Conti leaves the top of the telephone company which brings together its board
Elliott fund, not just Milan and Tim: watch out for banks and NPLs
The recapitalization of Credito Fondiario and the exploratory agreement with Banca Ifis herald the intention of the Elliot fund to play a leading role also on the non-performing loan market in Italy
Open Fiber: confirmations are on the way for Bassanini and Ripa
In the next few hours, the two shareholders of Open Fiber (Enel and Cdp) will present the list of candidates for the board which provides for the confirmation of Bassanini as president and della Ripa as CEO
Assembly Tim, tepid Elliott-Vivendi peace breaks out
Telecom's shareholders' meeting opens with the soothing signal invoked by CEO Gubitosi: the French shareholder, who holds 23,9% renounces the request to change the 5 directors appointed by Elliott, a mission impossible with CDP rising to 9,89 ,XNUMX%…
Tim, CDP rises again: it's at 9,8%
While the clash in Tim between the French of Vivendi and the American fund Elliott is heating up, the Cdp of Fabrizio Palermo rises again and reaches 9,8% of the capital, becoming more and more the needle of the balance according to…
Assembly Tim, Frontis also takes sides for the no to Vivendi
The atmosphere warms up in view of the meeting on March 29 - After the recommendations of ISS, Frontis also speaks in favor of the Elliott fund, expressing concern about the "conflicts of interest" of the French group
Stock market: Tim sinks on the Elliott-Vivendi clash
The question and answer between Elliott and Vivendi intensifies in view of the meeting of 29 March, while the market considers the purchases of Cdp concluded - At the expense of it is the title that touches new lows at 0,5288 euros,…
Tim, Elliott takes stake: Singer is at 9,5%
The latest Consob communications show that Paul Singer, number one in the American fund, has 9,547% of Telecom Italia in his portfolio - The share is held indirectly through three companies
Tim, the challenge grows: the Elliott Fund rises to 9,4%
The American fund announced surprisingly that it had raised its position given the balance prices at which the telephone group is quoted. Leap of the title already well underway after the interview with Luigi Gubitosi in favor of an integration with…
Tim: assembly yes, but only on March 29th
The board rejects Vivendì's request to urgently convene the shareholders' meeting for the revocation of the 5 members under Elliott - Shareholders met at the end of March after the presentation of the Gubitosi plan - Vivendì accuses: "Tactics for…
Tim, Gubitosi calls new managers and prepares the Board
The CEO strengthens the front line with the arrival of three trusted managers, two of whom have worked with him at Rai and Alitalia. But he will also take direct control of Inwit and Sparkle-Monday 14 the showdown in the Board…
Tim, showdown between Elliott and Vivendi postponed to January
the board of directors of the telephone company led by Luigi Gubitosi has postponed the resolution on Vivendi's request to renew the auditors to January 14 - New attack by the French: "Elliott responsible for the collapse of the stock" - Yet another difficult day in…
Tim devalues by 2 billion and Vivendi returns to the attack
Brazil and the arrival of Iliad weigh on the budget, despite the maintenance of domestic accounts. The write-down of goodwill brings the profit into the red by 800 million. Thump of the title. The debt target has been revised. Vivendi accuses Elliott and prepares the meeting. Genish:…
Credito Fondiario, ECB and Bank of Italy: ok to the increase
The operation is reserved for the shareholder Elliott (through Tiber) and is worth 65 million euros - The American fund will initially increase to 69,48% of the capital, which can be increased up to 81,63%
Telecom Italia, the Elliott-Vivendi war and 5G are heating up the stock market
The US fund has responded to the allegations of the French shareholder. "Misleading words. Give the Board time to work, the stock has been bad for years". The company brings together the board of directors who gives a mandate to CEO Amos Genish to go ahead with the proposal…
Telecom Italia in chaos, Di Maio rejects the sale of Sparkle
The deputy premier grillino, who has the delegation for the telecommunications, denies Telecom Italia permission to sell the strategic Sparkle and immediately collects the consent of Vivendi, effectively reopening the games on the balance of the telephone company, in which…
Telecom Italia towards the showdown in the board of directors
The Council of September 24 could convene the meeting expected by Vivendi to try to oust Elliott and return to the bridge - Meanwhile, Genish has started the sale of Sparkle: Conti confirms and the stock returns to positive
Telecom Italia, Vivendi accuses Elliott: "Disastrous management"
Faced with the new collapse of Tim's stock market, the French of Vivendi go on the attack and judge Elliott's management "disastrous" - President Conti rebuts: "Absurd and unfounded accusations" - Genish buys a million shares
Elliott, Kkr, Cerberus, Amber: here are the plans of foreign funds in Italy
Kkr would like to buy Magneti Marelli from FCA - After the conquest of the majority by Tim and Milan, the Elliott fund makes the world of finance tremble - Cerberus focuses above all on the purchase of NPLs from banks but keeps an eye on…
Milan, turnaround in the Board: Scaroni president and CEO, via Fassone
The CEO appointed by the Chinese was removed "for just cause" with a resolution approved by a majority of the assembly - Eni's former number one: "As a Milan fan it is a great honor to be part of this team" - Here are the other members of the…
Milan, Paolo Scaroni (ex Eni) will be the new president
Alongside the former CEO of Eni, who has always been close to Silvio Berlusconi, the Elliott fund seems oriented to call Leonardo in the role of sporting director of Milan while a showcase role could be assigned to Paolo Maldini
Milan belongs to Elliott: immediately 50 million to bring the club back to the top
Following Li Yonghong's default, 99,93% of the company passed into the hands of the fund, which now aims to "return the team to the football pantheon of top European clubs to which Ac Milan rightfully belongs"
Milan, who will be the owner? Yellow on Li and repayment to Elliott
By midnight the Chinese owner Yonghong Li must repay the Elliott fund 32 of the millions paid as a capital increase, otherwise - after rejecting Rocco Commisso's offer - he would lose everything and from next Monday AC Milan risk ending up in the…
Telecom Italia: temporary truce between Genish and the board of directors
Genish apologizes to the board for his statements against some members of the Elliott mining board and the board notes it "with regret" but the showdown is postponed to July, when the company will present the…
Telecom Italia, high voltage board
Tim's board awaits clarification from CEO Genish, who in recent days has openly accused part of the Elliott extraction board of rowing against the company's strategy
Tim, here comes the new board. But the game isn't over
The inauguration of the board elected by the assembly leaves many questions open. The first concerns the duration of the presence of the Elliott Fund which would be ready to exit in the short term. The position of Cdp would be strengthened and the knot on the role remains open…
Telecom Italia, is the curse really over?
The turnaround in Tim imposed by the victory in the meeting of the American fund Elliott over the French of Vivendi with the decisive contribution of the CDP, supported by the political system, is an event that will continue to be discussed but which opens up unprecedented scenarios…
Telecom, Elliott fund wins: Vivendi defeated
For the US fund, among others, Fulvio Conti, who will be president, Alfredo Altavilla and Luigi Gubitosi join the board of directors - The vote of the CDP was decisive, which triggered Vivendi's reaction: "We are surprised" - Confirmation in the role of…
Telecom, record in the meeting: 66,77% of the share capital present
The Telecom Italia shareholders' meeting is underway in Rozzano (Milan), which will have to make a change in the future governance of the telecommunications group. Franco Bernabè opened the works. Shareholders (even small ones) in charge, today we decide on the challenge…
Tim at the crossroads: between raider and Bolloré, will it be a public company?
Tim's Friday May 4th meeting is a game changer. The protagonists refine strategies and tactics. Between the Elliott Fund and Vivendi, the role of CDP as the balance and aggregator of Funds. Sure it's over...
Tim, Elliott is toning things down ahead of the meeting
The US Fund publishes a new statement in which it confirms full support for Amos Genish and states: "There is no alternative plan". "Trust in management". Genish's interview with the Sunday Telegraph at the origin of the clarification. Everything is decided on the 4th…
Tim, the Bollorè twist agitates the assembly
The news of Vincent Bollorè's arrest reached Tim's meeting in full swing - Vice-President Bernabè tries to cool spirits: "Too many tensions between shareholders" - Marina Berlusconi: "Bollorè has the delicacy of an eagle" - Genish ad …
Tim, the Court upholds Vivendi appeal: board of directors meeting on May 4th
The Court of Milan agrees with the French: the en bloc resignations of the directors, with the consequent forfeiture of the entire Board of Directors, do not harm the minorities. Therefore, on Tuesday 24th the assembly will approve the accounts and renewal of the board of statutory auditors, as well as the entry of Genish into the board of directors…
Tim and the legal battle: the Court decides on Monday
Between exchanges of mutual accusations, the debate in the Tribunal began. The Elliott Fund has asked to be heard at the hearing. The magistrates are acquiring the documents and in all likelihood they will decide after the weekend, just on the eve of the assembly of…
Tim, Elliott's new lunge: “Vivendi has failed”
Harsh response from Paul Singer's fund to yesterday's attack by Vivendi "Note full of clichés, strengthened our position" - Then the accusations: "Vivendi has conflicts of interest and has benefited only itself". Friday the…
Tim: Consob moves, Vivendi attacks
The Consob of the new president Mario Nava imposes on the company an extraordinary Board of Directors to integrate the information to the shareholders on the revocation of the directors requested by the Elliott Fund for the assembly of Tuesday 24 April. The French group: "Elliott wants to dismantle the group,…
Telecom Italia: Vivendi-Elliott duel in Court today
The Court of Milan is called today to rule urgently on the appeal presented by Tim and Vivendi against the revocation of 6 members of the board requested by the Elliott fund - If the appeal were to be accepted, the meeting could be skipped…
Tim, here's the appeal. We go to the count in the assembly
The telephone group presented the appeal to the Court of Milan against the addition to the agenda of the meeting of 24 April. The battle between Vivendi and the Elliott Fund continues while the new balance between the shareholders is taking shape. On the Stock Exchange…
Facebook, Wall Street likes mea culpa. Tim, duel in court
Facebook share gains 4,5% after Zuckerberg's admission of guilt in the Senate - Cambridge Analytica defends itself: "No law violated" - Oil booms over 70 dollars - Volkswagen wakes up Frankfurt - Record sales for Lvmh -…
Tim, Elliott presents the 10 names, Vivendi goes to court
The battle escalates and the Telecom Italia stock snaps up on the stock exchange. Exchange of accusations between the Board of Directors and the Board of Statutory Auditors: "Wrong and particularly serious decision" according to Vivendi. "We acted in the interest of all shareholders" replied the mayors. Elliott…
Tim: Elliott rises to 13,7% and receives the endorsement of Iss
Based on the dossier sent to the SEC, the US fund owns 8,8% of ordinary capital plus call and put options equal to 4,9% - The proxy advisor ISS takes sides in Elliott's favor and suggests shareholders vote…
Tim, challenge 10 against 10 on the board table and on the stock exchange
Tim's board of directors meets today, Monday, and will be a pivotal meeting in the ongoing battle between the Elliott Fund and Vivendi. Although he has resigned, he will have to decide whether to urgently appeal against the integration of the agenda of the assembly of 24 April. Meanwhile Elliott…
Telecom Italia, patriotic blitz by Cdp which acquires 5%
In a surprise move, the Gentiloni government pushed Cdp to take the field in the complicated game of Telecom Italia by purchasing 5% as a "patriotic garrison" - The stock flies to Piazza Affari - Vivendi presents the list of…
Tim, supplemented the meeting agenda with Elliott requests for the board
The fund, which has risen to 5%, has specifically requested the appointment of six directors to replace the outgoing ones: these are Fulvio Conti, Massimo Ferrari, Paola Giannotti De Ponti, Luigi Gubitosi, Dante Roscini and Rocco Sabelli.
Telecom, Vivendi presents list for board of statutory auditors
Following yesterday's board meeting, the list was filed in view of Telecom's ordinary shareholders' meeting called for April 24
Telecom Italia board of directors: everything postponed to 9 April
Everything postponed to next April 9 when the Telecom Italia board of directors will meet to discuss what to do after the decision of the Board of Statutory Auditors to integrate the agenda of the Assembly of April 24 on the basis of the request formulated by the Fund…
Telecom: today the Board of Directors, but the puzzle remains
The company's board of statutory auditors integrated the agenda of the shareholders' meeting on April 24 with Elliott's request to appoint six new directors - Vivendi could take legal action - The US fund: "If the shareholders approve…
Tim, extraordinary board of directors: the puzzle Amos Genish on the table
A board meeting is scheduled for Thursday. It is the new stage in the long battle between Vivendi and the Elliott fund which today presented a complaint against the resignation of the board of directors to Consob. In the meantime, the board of statutory auditors integrates the agenda of the assembly…
Milan, Mister Li's safe fails: Elliott Fund to the rescue
Jia Ande was believed to be the most important and liquid company in Yonghong Li's estate. Suspicions about the financial solidity of the AC Milan owner are thickening. And in the meantime, the Elliott Fund is moving and thinking about a new increase…
Tim: Elliott, direct attack on Vivendi. The bottom above 5%
The fund creates an ad hoc website aimed at Telecom Italia shareholders and writes a letter in which it clarifies that it does not aim for "control of Tim" - Harsh criticism of Vivendi on all fronts, from the "persistent underestimation of…
Telecom Italia, here is the list of the Elliott Fund
The US Fund has asked the Italian company to include the revocation of the directors appointed by Vivendi and the vote on 24 new directors on the agenda of the shareholders' meeting of 6 April. Among these Fulvio Conti and Rocco Sabelli. The battle moves…
Elliott on Tim: 4-step anti-Vivendi plan
Governance, network, dividend and conversion are the four cornerstones of the strategy of the US fund - There could be two counter-moves by Vivendi: resignation of the board and neutralization of Elliott's list of candidates - On the redundancy front, Telecom proposes the…
Trump bans the sale of Qualcomm. Tim-Elliott, hot duel
Trump forbids Broadcomm's purchase of Qualcomm, too close to the Chinese of Huawei - Perhaps the Abertis deal will close this week with the Atlantia-Acs agreement - In Telecom Italia, the Elliott fund aims for 9,9% ea ask…
Tim: Elliott launches the challenge, invests 800 million and seeks alliances
No agreement in the London meeting between Tim's CEO, Amos Genish, and representatives of the Elliott fund ahead of the telephone company's April 24 meeting where the Americans are willing to battle over governance while the stock rises…
Tim, Elliott seeks shareholders and aims for an IPO on the network
Indiscretions about the projects of the American fund, intent on ousting Vivendi, push Telecom shares to Piazza Affari - A public entry into the capital of the two assets is not excluded - Tension is rising in view of the meeting on April 24…
Tim, Genish: "Elliott evaluate the plan, we are open to discussion"
The CEO presented the new industrial plan, the 2017 accounts and the decisions on the voluntary spin-off of the network. And with the journalists he tackled the hottest topics on the table - "Possible dividends in the coming years" - "JV with Canal+…
Trump's protectionism scares Wall Street. Tim sparks in Milan
The trade war unleashed by Trump claimed its first victim: Gary Cohn, former head of economic advisers to the White House, went out in open disagreement with the President and the markets accepted the blow - Dollar and oil…
Tim: network separation, new plan and growing accounts
While the Elliott fund announces that it holds - for now - less than 5% of the Italian telephone group, Tim's board of directors approves the voluntary separation of the fixed access network, launches the new 2018-20 strategic plan and presents…