Hyundai shareholders oppose Elliott's dividend offers

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Source: Dukascopy Bank SA
On Friday, shareholders of Hyundai Motor voted against dividend payouts and board shake-up proposals made by Elliott Management, whose intention was to address its "excess cash" and "poor governance".
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Fri, 22 Mar 2019 09:35:18 GMT

Investment firm raises stake in JR Kyushu

Fir Tree Partners, the US investment company, announced on Friday it had increased its stake in the Japanese firm Kyushu Railway to 6.1%, calling the railway operator to bolster its share price via buybacks.

Fri, 22 Mar 2019 08:39:36 GMT

Britain's Smiths to launch IPO of healthcare unit

On Friday, Smiths Group stated it would split the company's struggling healthcare unit and would launch its initial public offering in Britain, following a failure to merge the business with the US ICU Medical.

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