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Hedge fund, Samsung Group locked in fight over $8 billion merger

2015-06-11 05:12:52| Electronics - Topix.net

U.S. activist hedge fund Elliott filed another injunction to block a proposed $8 billion merger of two key Samsung Group companies, escalating a conflict over a deal seen key to leadership transfer at South Korea's top conglomerate. Elliott said it had filed its second injunction with a South Korean court, this time to stop builder Samsung C&T Corp from selling treasury shares amounting to a 5.8 percent stake to KCC Corp in a bid to gain KCC's support for the proposed all-share takeover offer from Cheil Industries Inc. In a statement, Samsung C&T said the sale would defend shareholders against "an attack from a foreign hedge fund intended for a short-term trading profit".

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Regulators and Processors Locked In Lunchroom Food Fight

2015-06-10 20:55:00| Food Processing

The school lunch program needs government renewal; should it get tougher or more lax nutritional standards?

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1,000 contractors locked in Geismar Methanex site during Tuesday...

2015-06-10 17:25:06| Chemicals - Topix.net

Photo provided to The Advocate -- The chain-link exit gate for workers at the Methanex Corp. site in Geismar was locked during a lightning storm Tuesday, June 9, 2015, when workers were directed to shelter in place about 11:15 a.m. Workers complained that the gate should not be locked, and it prevented them from leaving Methanex after the day's work had been called off later Tuesday. Methanex officials said their procedure is not to let workers walk around when a "lightning alert" is in place but said they are reviewing their procedures, including the locking of the gate.

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Deciphering clues to prehistoric climate changes locked in cave deposits

2015-05-24 21:02:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: When the conversation turns to the weather and the climate, most people's thoughts naturally drift upward toward the clouds, but Jessica Oster's sink down into the subterranean world of stalactites and stalagmites. That is because the assistant professor of earth and environmental sciences at Vanderbilt University is a member of a small group of earth scientists who are pioneering in the use of mineral cave deposits, collectively known as speleothems, as proxies for the prehistoric climate. It...

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