“We expect that NPS — entrusted with the hard-earned capital of ordinary Koreans — will choose to make the proper financial decision to oppose these wholly unfair takeover proposals.” “The undeniable evidence of this outpouring of opposition is tens of millions of shares which have been confirmed as a vote against and/or provided as proxies [...]
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 [...]
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 [...]
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. [...]