--Activist investor Elliott Management has criticized Thyssenkrupp's plan to combine its European steel operations with Tata Steel, newspaper Frankfurter Allgemeine Zeitung reports, citing a letter from Elliott to Thyssenkrupp's chief executive.

--Thyssenkrupp is right to pursue consolidation, but Elliott considers the terms of the Tata deal unfavorable because conditions have changed since the plan took shape, FAZ reports, citing the letter. In the past months, Thyssenkrupp's steel operations have been robust while Tata's are weak, FAZ says.

--Cevian, a large Thyssenkrupp investor, is also unhappy with the plan, according to FAZ.

Full story: https://bit.ly/2JJZ9SZ

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(END) Dow Jones Newswires

June 11, 2018 03:29 ET (07:29 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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