Olivetti merger rebellion ends not with a bang with a whimper

10 Jun 2003

The long-running saga of Telecom Italia’s (TI’s) proposed merger with heavily indebted parent company Olivetti entered the final straight yesterday when TI investors holding savings shares overwhelmingly approved the deal. Groups against the merger called the meeting in a last ditch effort to stop it going ahead, but they later conceded that many had no stomach for the fight.