1. Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

    Elliott Urges Scout24 to Sell Car Listings Arm, Increase Buyback

    FRANKFURT (Reuters) - U.S. activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors. By Alexander Hübner Elliott, which owns more than 7% of Scout24, accused the German company's Chief Executive, Tobias Hartmann, of showing a lack of ambition and urged his management team to take immediate remedial action...

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    1. Should you take the decisive action needed to remove the impediments holding back Scout24, we believe the share price could rise to in excess of 65 euros per share.
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