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

Elliott Management

Hyundai Motor on Tuesday declined demands by U.S. activist investor Elliott Management for a total 7 trillion won ($6.3 billion) dividend payout and new board members, complicating attempts to renovate South Korea‚Äôs second-biggest conglomerate. Opposition from Elliott led Hyundai to drop a previous attempt to restructure its ownership structure and executive vice-chairman Euisun Chung pledged […]