Automakers

Hyundai overhaul plan gets more opposition

(SeongJoon Cho/Bloomberg)
SD
By:
Scott Deveau and Sohee Kim
May 15, 2018 05:00 AM

SEOUL/NEW YORK -- Two influential proxy advisory firms have thrown their support behind Elliott Management Corp.’s opposition of an $8.8 billion deal between two Hyundai Motor Group units, signaling more hurdles for an overhaul that may help the founding family’s patriarch pass control of the South Korean conglomerate to his son.

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