Elliott To Sell Most Samsung C&T Shares After Losing Merger Battle – ValueWalk Premium
Elliott Associates Samsung C&T
10Aug

Elliott To Sell Most Samsung C&T Shares After Losing Merger Battle

Elliott Associates LP asked Samsung C&T Corp to buy back the bulk of its shares after the U.S. hedge fund lost a proxy battle to block a proposed takeover of Samsung C&T by affiliate Cheil Industries Inc.

However, many believe the activist hedge fund could still attempt to block the planned merger through legal measures.


Elliott couldn’t thwart Samsung C&T merger
As detailed by . . .

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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