Hyundai set for Elliott showdown as it rejects $6.3 billion payout call

Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea's second-biggest conglomerate.

from Reuters: Business News https://ift.tt/2NwwOyR