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UPDATE 2-US fund Elliott challenges Samsung Group restructure move
2015-06-04 10:04:18| Chemicals - Topix.net
An activist U.S. hedge fund on Thursday threw a spanner in the works of Samsung Group's restructuring by opposing a merger which would allow the controlling Lee family to consolidate their holdings ahead of a successional change of leadership. In a rare instance of investor activism in South Korea, hedge fund Elliott revealed it had built a major stake in construction firm Samsung C&T Corp and announced its opposition to Cheil Industries Inc's $8 billion takeover offer.
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samsung
UPDATE 2-US fund Elliott challenges Samsung Group restructure move
2015-06-04 09:14:41| Electronics - Topix.net
An activist U.S. hedge fund on Thursday threw a spanner in the works of Samsung Group's restructuring by opposing a merger which would allow the controlling Lee family to consolidate their holdings ahead of a successional change of leadership. In a rare instance of investor activism in South Korea, hedge fund Elliott revealed it had built a major stake in construction firm Samsung C&T Corp and announced its opposition to Cheil Industries Inc's $8 billion takeover offer.
Tags: group
update
move
samsung
UPDATE 2-US fund Elliott challenges Samsung Group restructure move
2015-06-04 08:42:06| Semiconductors - Topix.net
An activist U.S. hedge fund on Thursday threw a spanner in the works of Samsung Group's restructuring by opposing a merger which would allow the controlling Lee family to consolidate their holdings ahead of a successional change of leadership. In a rare instance of investor activism in South Korea, hedge fund Elliott revealed it had built a major stake in construction firm Samsung C&T Corp and announced its opposition to Cheil Industries Inc's $8 billion takeover offer.
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samsung
China's Smithfield Foods sells stake in Campofrio Food Group
2015-06-04 07:34:41| Food - Topix.net
Smithfield Foods products are on display during WH Group's IPO in Hong Kong as the unit of the Chinese company sold its stake in Campofrio. Photo: Reuters Smithfield Foods has sold its entire 37 per cent stake in Campofrio Food Group for US$354 million in cash to Alfa, a Mexican conglomerate whose businesses include food, IT and automotive engine parts, the parent company of Smithfield said in a statement on Thursday.
Maroon Group Expands Finance Department
2015-06-04 07:00:00| Coatings World Breaking News
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