1. Uniper Supervisory Board Rejects Calls for Elliott-Backed Audit

    Uniper Supervisory Board Rejects Calls for Elliott-Backed Audit

    (Reuters) - Uniper’s ( UN01.DE ) supervisory board on Wednesday urged shareholders to reject a motion by activist investor Elliott to launch a probe into whether management sought to block the sale of a major stake to Fortum ( FORTUM.HE ), in a deal it opposes...

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    1. In our view, there is no reason to support the application for a special audit.
    2. There is reason to consider Uniper as an economic enterprise having strategic significance for the defense of the country and for state security.
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