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Elliott keeps up criticism of Cheil Industries-Samsung C&T deal

2015-06-26 09:53:31| Chemicals - Topix.net

U.S. activist hedge fund Elliott continued its public campaign against the proposed $8 billion merger of two Samsung Group companies on Friday, questioning the basis for the projected financial performance of the combined entity. Elliott, Samsung C&T Corp's third-largest shareholder with a 7.1 percent stake, published a 15-page presentation on a website laying out its case against Cheil Industries Inc's all-stock takeover offer, reiterating its opposition to the deal.

Tags: deal criticism elliott cheil

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