SEOUL, June 10 (Korea Bizwire) — Samsung C&T, the construction arm of Samsung Group, said Wednesday its plan to merge with the group’s de facto holding firm doesn’t hurt shareholders’ interests, refuting a U.S. hedge fund’s claim that the builder is undervalued. In late May, Samsung C&T unveiled the plan to merge with Cheil Industries in [...]
SEOUL, Jun. 9 (Korea Bizwire) — A U.S. activist hedge fund said Tuesday it filed a court injunction to stop South Korea’s top conglomerate Samsung Group from merging two key units. The legal action by Elliot Management comes after Cheil Industries Co., Samsung’s de facto holding company, announced a plan to take over construction and [...]
SEOUL, Jun. 5 (Korea Bizwire) — A U.S. hedge fund’s stake hike in Samsung C&T Corp. and objection to a proposed merger with Cheil Industries Inc. may not be strong enough to upend the well-orchestrated plan, but it could complicate Samsung Group’s restructuring move ultimately aimed at a smooth leadership change, market watchers said Friday. [...]