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Foreign investors emerge as Samsung merger deal breakers

2015-06-09 16:38:12| Semiconductors - Topix.net

Foreign investors of Samsung C&T have emerged as a challenger against the merger plan with another Samsung affiliate Cheil Industries. While U.S.-based hedge fund Elliott, Samsung C&T's biggest foreign investor with a 7.12 percent stake, is seeking allies to veto the merger at the July 17 shareholders meeting, Samsung managers are striving to call in its friends in order to secure what they call "managerial rights."

Tags: deal foreign samsung investors

Category:Electronics and Electrical

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