1. Elliott Asks to Replace Telecom Italia Board Members, including Vivendi CEO

    Elliott Asks to Replace Telecom Italia Board Members, including Vivendi CEO

    (Reuters) - Activist investor Elliott proposed to oust the French chairman of Telecom Italia (TIM) ( TLIT.MI ) and install leaders of Italy’s corporate establishment on the board as part of an intensifying campaign to force a shakeup at the former state phone monopoly...

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    1. There is a wait and see approach among institutional investors, Italian and foreign ones. They want to see what exactly Elliott wants.
    2. If you buy TIM shares now, you need to have a long-term view because the rally already happened on Elliott's entry.
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