, Columnist
Elliott Playing Nice With Hyundai Isn’t Working
It’s time for the activist investor to raise the stakes.
Photographer: Justin Sullivan/Getty Images
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Paul Singer’s brand of adversarial investing isn’t working in South Korea. It may need to look for a new approach.
Singer’s Elliott Management Corp. was again spurned by Hyundai Motor Group after making a renewed push to force a restructuring of the conglomerate. Hyundai declined the fund’s invitation to discuss a new proposal, citing possible breaches of local rules, Sohee Kim and Scott Deveau of Bloomberg News reported Thursday.