Thyssenkrupp AG (TKAG.DE)
Thu, May 24 2018
BERLIN, May 24 Commerzbank and Thyssenkrupp have replicated a foreign exchange transaction using blockchain, the first such deal involving a large German company which proponents say could make doing business cheaper and quicker.
FRANKFURT/BERLIN Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp's leadership to revive the German industrial conglomerate's fortunes, confirming it had taken a stake of less than 3 percent.
* Thyssenkrupp shares up 1.6 percent (Recasts, adds context on Elliott, updates shares)
BERLIN, May 24 Hedge fund Elliott said it sees room for significant improvement at Thyssenkrupp, confirming it had taken a stake in the German industrial group.
FRANKFURT/DUESSELDORF, Germany Heinrich Hiesinger's position as Thyssenkrupp's CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familiar with the matter said.
FRANKFURT/DUESSELDORF, Germany, May 23 Heinrich Hiesinger's position as Thyssenkrupp's CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familiar with the matter said.
FRANKFURT/DUESSELDORF/LONDON Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp , a source familiar with the matter said, increasing pressure on management to restructure the group.
* Shares close up 9.6 pct (Adds detail from another person familiar with fund's thinking)
AMSTERDAM Tata Steel's Dutch works council has called into question a timeframe for completing a joint venture between the Indian group and Thyssenkrupp by end-June, saying it may need more time to assess the deal, its president said.
* Thyssenkrupp, Tata Steel plan signing by end-June (Adds more detail on works council's demands and JV deal)