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Elliott Faces Probe Over Samsung Merger-Related Disclosure Breach

Elliott Faces Probe Over Samsung Merger-Related Disclosure Breach

SEOUL, Feb. 24 (Korea Bizwire) - South Korea’s financial authorities on Wednesday referred U.S. hedge fund Elliott Associates to state prosecutors for allegedly violating local disclosure rules when it tried to prevent a merger of two Samsung Group affiliates last year. The Securities and Futures Commission said Elliott abused the total return swap (TRS) system to [...]