|Bid||16.345 x 6500|
|Ask||16.400 x 20000|
|Day's Range||19.930 - 20.090|
|52 Week Range||15.960 - 20.820|
|PE Ratio (TTM)||56.89|
|Earnings Date||Aug 31, 2017|
|Dividend & Yield||0.87 (3.82%)|
|1y Target Est||21.28|
MILAN/PARIS (Reuters) - France's Vivendi has tightened its grip on Telecom Italia by removing its CEO Flavio Cattaneo and paving the way for a joint venture between its own pay-TV Canal+ and the Italian group, in a boost to the French firm's ambitions to become a southern European media powerhouse. Telecom Italia (TIM) said late on Monday after a board meeting that Cattaneo would be stepping aside as chief executive on July 28 after 16 months in the job, with a severance payment of 25 million euros ($29 million). Vivendi supported Cattaneo's departure, sources familiar with the matter said, after failing to convince the Italian executive to share power with other managers and work on a new strategic plan.
Payless ShoeSource Inc.’s reorganization plan won court approval Monday, moving the discount shoe retailer closer to exiting bankruptcy protection.
Cattaneo would be the second CEO to leave the company in just over a year.