Elliott poised to take Thyssenkrupp stake: source


FRANKFURT/DUESSELDORF/LONDON (Reuters) - Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp, a source familiar with the matter said, increasing pressure on management to restructure the group.

The Germany company's CEO Heinrich Hiesinger, in the job since 2011, has already faced criticism from shareholders for being too slow to move Thyssenkrupp away from its steel-making roots and sharpen its focus on industrial goods.Swedish investment firm Cevian, Thyssenkrupp's second-largest.....

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