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Companies

Elliott loses bid for higher Hyundai dividend by landslide

US activist investor also rebuffed on board picks

Hyundai Motor President Lee Won-hee speaks at the annual shareholders meeting in Seoul on March 22.   © Reuters

SEOUL -- Hyundai Motor shareholders overwhelmingly rejected Friday a dividend payment roughly seven times what the automaker proposed, dealing a stinging blow to the American activist fund that put it forward.

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