In victory for Elliott, Hyundai Motor to cancel $890 million in shares
By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor said on Friday it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years - a plan that comes amid shareholder pressure to improve returns, restructure and bounce back from dismal earnings.
The post In victory for Elliott, Hyundai Motor to cancel $890 million in shares appeared first on Firstpost.
from Firstpost https://ift.tt/2r5rJnt
via IFTTT