Shareholders Back Hyundai’s Dividend Plans over Elliott’s

SEOUL, Mar. 22 (Korea Bizwire) — Shareholders of Hyundai Motor Co. and Hyundai Mobis Co. on Friday backed the dividend plans of the two automotive firms and their proposed directors but rejected proposals by Elliott Management. The overwhelming support for the South Korean companies is a setback for the U.S. activist investor. Elliott called on [...]