1. Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

    Vivendi Demands Telecom Italia Fire Directors Allied to Elliott

     (Bloomberg) -- Vivendi SA demanded that Telecom Italia SpA’s board convene shareholders to appoint new auditors and replace five company directors allied to U.S. activist Elliott Management Corp. Key Insights Vivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors ...

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