GEOJE, May 15 (Korea Bizwire) — The Korean Metal Workers’ Union and union members from Daewoo Shipbuilding and Marine Engineering Co. (DSME) submitted a petition to the Fair Trade Commission on Tuesday, claiming that the merger between Hyundai Heavy Industries Co. and DSME undermines free competition and would create an oligopoly in South Korea’s shipbuilding [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Friday that its wholly owned fixed broadband subsidiary agreed to merge with No. 2 cable TV operator t-broad in a deal worth 4.7 trillion won (US$4.1 billion), paving the way for the expansion of the telecom firm’s media business. SK [...]
SEOUL, Feb. 11 (Korea Bizwire) — LG Uplus Corp., currently the fourth-largest pay TV provider in South Korea, has decided to take over CJ Hello, the country’s No. 3 player in the pay TV market. The merger with CJ Hello, which is owned by CJ E&M, a unit of food and entertainment conglomerate CJ Group, [...]
STAMFORD, Conn., Nov. 16 (Korea Bizwire) — The Navigators Group, Inc. (NASDAQ:NAVG) (“Navigators”) announced that, at a special meeting of stockholders held today, Navigators’ stockholders approved the adoption of the previously announced merger agreement relating to the proposed transaction between Navigators and The Hartford Financial Services Group, Inc. (“The Hartford”), whereby Navigators will become a [...]
STAMFORD, Conn., Oct. 19 (Korea Bizwire) — The Navigators Group, Inc. (NASDAQ:NAVG) (“Navigators” or the “Company”) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with its previously announced merger with a direct wholly owned subsidiary (“Merger Sub”) of The Hartford Financial Services [...]
TORONTO, Oct. 5 (Korea Bizwire) — On March 11, 2018, Cogentix Medical, Inc. (“Cogentix”) and certain affiliates of Laborie Medical Technologies Canada ULC (“Laborie”), LM US Parent, Inc. (“Parent”) and Camden Merger Sub, Inc. (“Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Cogentix would become a wholly-owned [...]
STAMFORD, Conn., Sept. 25 (Korea Bizwire) — The Navigators Group, Inc. (NASDAQ:NAVG) (“Navigators”) today announced the expiration of the 30-day “go-shop” period provided for under the terms of the previously announced definitive merger agreement (the “Merger Agreement”), pursuant to which Navigators will be acquired by The Hartford Financial Services Group, Inc. Under the terms of [...]
SEOUL, Sept. 18 (Korea Bizwire) — Mason Capital Management, a U.S. hedge fund, has notified the South Korean government that it has filed for arbitration seeking US$200 million in compensation for losses incurred from a controversial merger between two Samsung companies, Seoul’s Ministry of Justice said Tuesday. The move is seen as a step before [...]
HENGELO, The Netherlands, Sept. 3 (Korea Bizwire) — Energy management company Lithium Werks (www.lithiumwerks.com), known for its Nanophosphate™ Cells and its smart lithium-ion modules, is merging with fellow lithium battery developer and producer Super B (www.super-b.com). The new global company serves over 1,000 customers in nearly 50 countries and offers jobs to over 550 employees. [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korea’s government is facing another investor-state dispute (ISD) lawsuit from a U.S. fund over a controversial merger of two Samsung Group companies in 2015. The Ministry of Justice said in a release on Tuesday that it has received a notice of intent from Mason Capital Management, seeking US$175 [...]