Hyundai Motor shareholders vote against Elliott dividend proposal
March 22, 2019Asian shares hit 6-1/2-month high on tech hopes, U.S. data
March 22, 2019U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
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Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate.
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