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Elliott, which was not immediately available for comment, had proposed a 2018 dividend of 4.5 trillion won for Hyundai Motor and 2.5 trillion won for auto parts supplier Hyundai Mobis, according to regulatory filings and sources. This is well over the companies’ proposed payouts of nearly 1 trillion won. Hyundai Motor and Hyundai Mobis will hold separate annual shareholders’ meetings on March 22, when shareholders have a chance to vote on the respective proposals made by the companies and Elliott how to date cufflinks.

Hyundai Motor and Hyundai Mobis shares gained more than 4 percent on Wednesday as investors licked their lips at the prospect of higher returns and a favorable restructuring plan due to Elliott’s pressure. “We expect a vote showdown at the upcoming meeting, which will create a favorable environment for minority shareholders,” Chung Yong-jin, an analyst at Shinhan Investment and Securities said how to date cufflinks. Hyundai Motor Group is expected to come up with a revised restructuring plan, which is expected to be put to a vote at an extraordinary shareholders’ meeting in April or May, experts said..

“Elliott’s purpose is to eventually rally support from other shareholders for a vote on a restructuring plan,” Park Ju-gun, head of corporate analysis firm CEO Score, said. Hyundai Motor said in a regulatory filing that the dividend proposed by Elliott would lead to a “massive cash outflow,” hurting future investments and shareholder value. Hyundai Mobis also said it would “undermine its future competitiveness” as it needs to invest more than 4 trillion won to develop new vehicles over the next three years how to date cufflinks.

Instead Hyundai Mobis announced a 2.6 trillion won shareholder return package over the next three years, less than Elliott’s demand for at least 4 trillion won. The Hyundai Mobis package includes dividends worth 1.1 trillion won, a buyback of stock worth 1 trillion won and a cancellation of 460 billion won worth of shares. It said it will appoint former Opel Chief Executive Karl-Thomas Neumann, and Brian Jones, co-president at Archegos Capital Management, as outside board directors how to date cufflinks. Hyundai Motor said it will also add foreigners as outside board directors, while appointing president Albert Biermann, a former BMW executive, as a new board member..

AVALON, Australia (Reuters) – Boeing Co on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost. The U.S. manufacturer hopes to sell the multi-role aircraft, which is 38 feet long (11.6 meters) and has a 2,000 nautical mile (3,704 kilometer) range, to customers around the world, modifying it as requested. The prototype is Australia’s first domestically developed combat aircraft since World War II and Boeing’s biggest investment in unmanned systems outside the United States, although the company declined to specify the dollar amount how to date cufflinks.