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.
Telecom Italia shares fell after Berenberg downgraded Italy’s biggest phone group to “sell” from “hold”, citing pressure from pending new competition.
A planned overhaul of Hyundai’s ownership structure has garnered more opposition with a major US proxy adviser urging shareholders to reject a deal.
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 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 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 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 reaffirmed its commitment to Telecom Italia after losing control of the Italian phone group’s board, pledging to fight any break-up plan.
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 Korean prosecutors are looking into U.S. activist fund Elliott Management to see whether it violated disclosure rules, local media reported.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr