Samsung wins out against activist fund Elliott

Activist fund Elliott loses out to Samsung but the chaebol's narrow win is a warning to other major Korean companies.

Samsung wins out against activist fund Elliott

In the end, it was Korea Inc that finally came out on top in its battle with the activist US hedge fund.

The long-winding struggle between Elliott Management and Samsung drew to a close on Friday after the powerful Korean chaebol won a crucial shareholder vote for the merger of Samsung CT and Cheil Industries. However, its narrow win is also a warning to other South Korean conglomerates eyeing potential mergers...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition