1. Elliott Raises TIM Stake to 9.4% Ahead of Board Showdown

    Elliott Raises TIM Stake to 9.4% Ahead of Board Showdown

    Elliott raises TIM stake to 9.4% ahead of board showdown 16:21 CET | News Activist investor Elliott has increased its stake in Telecom Italia (TIM) from 8.8 to 9.4 percent ahead of another showdown with top shareholder Vivendi over how to run the operator. In an SEC filing announcing the investment, Elliott said TIM's shares are currently "undervalued and represent an attractive investment opportunity" after having plummeted nearly 40 percent over the past 12 months...

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