UPDATE 1-Hyundai Mobis drops spin-off plan in the face of opposition
20 May UPDATE 1-Hyundai Mobis drops spin-off plan in the face of opposition
Posted at 08:30h
in
News
by KMFSLLP
SEOUL, May 21 (Reuters) – South Korea’s Hyundai Mobis Co Ltd
on Monday said it has dropped a restructuring
proposal due to “uncertainty” about gaining shareholder approval
next week in the face of opposition from U.S. hedge fund Elliott
Management Corp and other investors.
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