UPDATE 1-Investors intensify pressure on Thyssenkrupp boss before AGM [Reuters]
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Source: Reuters
UPDATE 1-Investors intensify pressure on Thyssenkrupp boss before AGM | Reuters Reuters Staff 3 Min Read * Thyssenkrupp AGM scheduled for Jan. 19 * Cevian, other shareholders unhappy with complex structure * Investors urge group to slim down via spin-offs, listings (Adds shareholder comments) By Christoph Steitz and Tom Käckenhoff FRANKFURT, Jan 17 (Reuters) - Shareholders led by activist investor Cevian have renewed calls for structural change at Thyssenkrupp, putting more pressure on Chief Executive Heinrich Hiesinger before the steelmaker’s annual general meeting. Investors have questioned whether producing everything from steel and car parts to submarines and elevators is still the right set-up for Thyssenkrupp, due to hold its AGM on Jan. 19. “It’s the root cause of Thyssenkrupp’s underperformance,” Lars Foerberg, co-founder of Cevian, said in response to a Reuters request for comment. Cevian is Thyssenkrupp’s second-largest shareholder after the Alfried Krupp von Bohlen and Halb
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- U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]Yahoo! Finance
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- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
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MT
Sec Filings
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- 4/8/24 - Form 6-K
- MT's page on the SEC website