Elliott Management’s noisy brand of activism could be just what Thyssenkrupp needs. Paul Singer’s hedge fund last week confirmed reports that it had a stake in the German industrial icon, which produces steel, elevators and a panoply of car parts and other industrial goods. This makes two of the world’s top activist investors agitating for change. Cevian Capital, Europe’s largest activist fund, owns a $3 billion or 18% stake in Thyssenkrupp, and sits on its supervisory board.

Source: Wall Street Journal May 28, 2018 09:22 UTC