Shareholders of Italian telecom company Telecom Italia are were said to vote this week on whether or not to oust its current board. Rebel investor Findim Group on Monday proposed candidates for Telecom Italia's new board.
Breaking News
New York-based money manager BlackRock Inc. increased its stake in Telecom Italia to 10%, becoming its second-largest shareholder. This could potentially tip the balance at a shareholder meeting set to vote on the proposed ouster of Telecom Italia's board, according to a Reuters report.
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Wiers Farm Recalls Produce Products Due To Potential Listerian Contamination