January 24, 2019 / 1:24 PM / a month ago

Elliott expresses doubts over Thyssenkrupp split - source

FRANKFURT, Jan 24 (Reuters) - Activist fund Elliott has expressed doubts over Thyssenkrupp’s plans to split in two in a letter sent to the conglomerate’s chief executive last month, a person familiar with the matter told Reuters.

“We have our doubts whether the proposal has the desired positive effects,” Elliott said in the letter, the person said.

Elliott was not immediately available for comment. A spokesman for Thyssenkrupp declined to comment.

Manager Magazin first reported about the letter’s existence. (Reporting by Christoph Steitz; Editing by Kathrin Jones and Maria Sheahan)

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