Elliott Management Launches Another Assault At Samsung Electronics

Elliott Management Launches Another Assault At Samsung Electronics by Activist Insight Elliott Management grabbed headlines this week by launching its second assault on South Korea’s Samsung Group in as many years. Last year, the activist sought to solicit votes against the merger of Samsung C&T and Cheil Industries, arguing that the deal undervalued the former. That campaign was widely described as “bitter” in spite of the watermelons allegedly handed out to shareholders to persuade them to back the deal. Korea’s sovereign wealth fund, which invests in Elliott, reportedly tried to convince the firm to keep its activism – which takes…