Activist Elliott Has Doubts About Thyssenkrupp Split - Stock Market Quotes and News -BoardProspects

Activist Elliott Has Doubts About Thyssenkrupp Split

Stock Market Quotes and News Jan 24 2019 BoardNews

FRANKFURT (Reuters) - Activist fund Elliott raised doubts about Thyssenkrupp's plan to split in two in a letter to the conglomerate's chief executive last month, a person familiar with the matter told Reuters. The remarks add to scepticism expressed by other shareholders about the German group's plan - announced in September - to spin off its capital goods businesses. Shares in the group have fallen by 32 percent since...
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Quotes
1. We have our doubts whether the proposal has the desired positive effects.
2. We maintain our conglomerate discount at 10 percent due to ongoing investigations regarding the ... JV and increased risks due to lower profitability.
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