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  "documentTitle": "Telecom Italia SpA (TIM) (TIT.MI)",
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  "notes": "The slide uses a combination of qualitative arguments and quantitative impact metrics to frame Vivendi's actions as value-destructive.",
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      "text": "When asked to choose between creating value for the Company or retaining an additional 7% of voting rights, Vivendi chose the voting rights",
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      "text": "Calculation shows the impact of the missed cash contribution from a 100% voluntary conversion... Using 1:1 conversion ratio.",
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