1. Hyundai Mobis to Spend $2.3 Billion on Shareholder Returns, Name Heir Apparent as New CEO

    Hyundai Mobis to Spend $2.3 Billion on Shareholder Returns, Name Heir Apparent as New CEO

    (Reuters) - Hyundai Mobis Co Ltd, under pressure from activist investor Elliott Management Corp to address its excess capital and governance structure, announced a smaller-than-sought 2.6 trillion won (£1.76 billion) shareholder return package. The de facto holding company of South Korea's top automaker Hyundai Motor rejected a 2.5 trillion won dividend demanded by Elliott and also new board members it recommended, a source familiar with the matter said...

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