Thyssenkrupp AG (TKAG.DE)
* Elliott confirms: not in favour of breakup (Adds context on steel JV, comment from Union Investment)
FRANKFURT Activist fund Elliott, which disclosed a stake of less than 3 percent in Thyssenkrupp in May, is not in favor of breaking up the submarines-to-elevator conglomerate, one of its executives told a German monthly magazine.
FRANKFURT, Sept 20 Activist fund Elliott, which disclosed a stake of less than 3 percent in Thyssenkrupp in May, is not in favour of breaking up the submarines-to-elevator conglomerate, one of its executives told a German monthly magazine.
DUISBURG, Germany, Sept 20 Thyssenkrupp's interim chief executive dismissed speculation that it would pull out of its steel joint venture with India's Tata Steel in the wake of management upheaval at the German industrial conglomerate.
* Thyssenkrupp-Tata Steel JV deal is irreversible-Sievers (Adds comments from works council head, context)
DUESSELDORF, Germany, Sept 18 Thyssenkrupp's powerful employees will not block a broader restructuring of the group as long as their interests are protected, the group's newly elected works council chief said.
FRANKFURT Thyssenkrupp is to separate its shipbuilding business from its struggling industrials division in a restructuring that could decide the fate of interim Chief Executive Guido Kerkhoff.
* Marcel Fasswald to become new CEO of division (Recasts, adds details on restructuring)
* Kerkhoff could prove himself in current situation - sources (Recasts with details of restructuring)
FRANKFURT/DUESSELDORF, Sept 12 The response to troubles at Thyssenkrupp's plant engineering and shipbuilding division could determine whether interim boss Guido Kerkhoff has a realistic shot at keeping the top job, three people familiar with the matter said.