Hyundai scraps revamp plan in victory for hedge fund Elliot

May 21 2018

Hyundai has shelved a plan which would have given the son of its chairman more control of the company, following oppn from investors including Elliott Mgmt.

Berenberg downgrades Telecom Italia, citing 'toxic cocktail'

May 18 2018

Telecom Italia shares fell after Berenberg downgraded Italy’s biggest phone group to “sell” from “hold”, citing pressure from pending new competition.

Hyundai overhaul faces more opposition as Glass Lewis urges no-vote

May 15 2018

A planned overhaul of Hyundai’s ownership structure has garnered more opposition with a major US proxy adviser urging shareholders to reject a deal.

Vivendi tells Italian market regulator it does not control TIM

May 11 2018

French media group Vivendi has notified Italian market regulator Consob that it does not control TIM after it lost the majority of the phone group’s board seats following a May 4 shareholder vote.

Telecom Italia says not officially informed of 74.3 mn euros fine

May 09 2018

Telecom Italia said it had not been formally notified of a 74.3 mn euros fine imposed by the Italian govt related to a breach in notification obligations towards Rome.

Telecom Italia seen reappointing Genish as CEO after Elliott win

May 07 2018

Telecom Italia is expected to reappoint Amos Genish as its chief executive, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi.

ANZ Group scraps sales bonuses for financial planners

May 07 2018

ANZ said it would stop paying financial planners bonuses for selling its products, the first of the country’s top lenders to change business practices.

Vivendi says committed to Telecom Italia after losing board control

May 04 2018

Vivendi reaffirmed its commitment to Telecom Italia after losing control of the Italian phone group’s board, pledging to fight any break-up plan.

U.S. hedge fund Elliott amps up campaigns in Europe

May 03 2018

Elliott is stepping up its activities in Europe, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break-ups.

South Korea looking into Elliott over disclosure rules: Media

May 02 2018

South Korean prosecutors are looking into U.S. activist fund Elliott Management to see whether it violated disclosure rules, local media reported.

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