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Pension Fund Likely to Nod on Samsung Merger Plan

Pension Fund Likely to Nod on Samsung Merger Plan

SEOUL, July 10 (Korea Bizwire) – South Korea’s national pension fund operator on Friday decided its official stance on a merger between key subsidiaries of Samsung Group, the country’s leading family-controlled conglomerate, but won’t disclose what the stance is for the time being, officials said. But sources say that the operator decided to support the [...]

Minor Shareholders Side with Elliott Associates in Opposition of Samsung C&T’s Merger

SEOUL, Jun. 11 (Korea Bizwire) — Minor shareholders of Samsung C&T are siding with Elliott Associates as they agree with the hedge fund’s opposition to a merger proposal between Samsung C&T and Cheil Industries. Over the past two days, minor shareholders have gathered individual consent to give up their voting rights to 670,000 shares so [...]