Elliott Associates Challenges Samsung C&T Takeover OfferMani
Elliott Associates LP, the hedge-fund firm run by billionaire Paul Elliott Singer, said a proposed takeover of Samsung C&T Corp by the Samsung Group’s de facto holding company wasn’t in the best interests of Samsung C&T shareholders.
Elliott’s latest move could galvanize opposition to the deal amid growing investor concerns that South Korea’s top conglomerates is putting their founding families’ interests ahead of shareholders’.
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