Hedge Fund Ups ThyssenKrupp Stake, Seeks Board Seats

Law360, New York (December 6, 2013, 2:40 PM EST) -- Activist investor Cevian Capital AB told ThyssenKrupp AG it wants representation on the German conglomerate's supervisory board after lifting its stake to nearly 11 percent, according to a Friday securities filing.

The Anglo-Swedish hedge fund more than doubled the 5.2 percent ThyssenKrupp buy-in it disclosed in September, ratcheting up its holding to 10.96 percent after participating in the company's capital increase earlier in the week. Based on current trading prices, Cevian's stake is worth roughly $1.3 billion.

ThyssenKrupp said in its securities filing that Cevian is...
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