1. Elliott Demands Fresh Revamp at Hyundai Motor Group

    Elliott Demands Fresh Revamp at Hyundai Motor Group

    (Reuters) - U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh restructuring proposal after forcing the South Korean conglomerate to abandon its own reform plan in May...

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    1. We express our frustration as to HMC board's silence towards our consistent attempts... to communicate and advance the restructuring and other projects.
    2. It seems Elliott wants to rekindle investor interest in restructuring as Hyundai has been silent since it withdrew its plan.
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