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’.
Before you read further the corporate structure here is a . . .
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