September 6, 2018 / 11:58 AM / 2 months ago

Elliott reviving push to overhaul Hyundai Motor - BBG

Sept 6 (Reuters) - Elliott Management Corp is resuming its push for restructuring at the Hyundai Motor Group after the activist fund forced the South Korean automotive company to scrap an $8.4 billion deal earlier this year, Bloomberg reported on Thursday.

Billionaire Paul Singer's fund has called for the merger of some key units to bolster shareholder value and improve the group's structure, according to the report, citing a letter from Elliott to Hyundai. (bloom.bg/2CrvfAG) (Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

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