1. Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

    Breaking News: U.S. Activist Investor Elliott Loses Hyundai Proxy Fight

    SEOUL--U.S. hedge-fund manager Elliott Management Corp. lost its battle to boost dividends and gain board seats at South Korean auto giant Hyundai Motor Group, highlighting the challenge activist firms face in proxy fights with Asia's family-run businesses. The setback follows a victory last year against Hyundai, when the conglomerate called off a corporate restructuring that Elliott said lacked business rationale and hurt shareholders...

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  2. Quotes

    1. Elliott's proposals were too extreme.
    2. Elliott is encouraged by the support that the shareholder proposals received from independent shareholders of HMC and Mobis.
    3. Companies are now making more efforts to communicate and listen to shareholder demands.
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