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Rumors that hedge fund Elliott has bought Hyundai Motor stake not true - source

Reuters  |  SEOUL 

SEOUL (Reuters) - Market rumours that U.S. activist hedge fund Management Corp has acquired a stake in South Korea's Co are not true, a person familiar with the matter told on Tuesday.

shares rose 8.6 percent on Tuesday after touching their highest level in 22 months on hopes that the broader Group will reorganise its ownership structure as well as on rumors that had acquired a stake.

(Reporting by Se Young Lee; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Rumors that hedge fund Elliott has bought Hyundai Motor stake not true - source

SEOUL (Reuters) - Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea's Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday.

SEOUL (Reuters) - Market rumours that U.S. activist hedge fund Management Corp has acquired a stake in South Korea's Co are not true, a person familiar with the matter told on Tuesday.

shares rose 8.6 percent on Tuesday after touching their highest level in 22 months on hopes that the broader Group will reorganise its ownership structure as well as on rumors that had acquired a stake.

(Reporting by Se Young Lee; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Rumors that hedge fund Elliott has bought Hyundai Motor stake not true - source

SEOUL (Reuters) - Market rumours that U.S. activist hedge fund Management Corp has acquired a stake in South Korea's Co are not true, a person familiar with the matter told on Tuesday.

shares rose 8.6 percent on Tuesday after touching their highest level in 22 months on hopes that the broader Group will reorganise its ownership structure as well as on rumors that had acquired a stake.

(Reporting by Se Young Lee; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22