The mystery behind SK Telecom's bid for Hanaro
At the end of a week of unpredictable developments, SK Telecom and the owners of Hanaro move ahead with the $1.2 billion deal.
After a week of uncertainty, the sellers of Hanaro now agree that the $1.2 billion deal with SK Telecom is set to go ahead.
As FinanceAsia reported, SK Telecom issued a statement on Monday saying it had signed a share purchase agreement SPA to buy 38.89% of Hanaro for a total of W1.09 trillion $1.2 billion.
But Hanaro Telecom, South KoreaÆs biggest broadband provider, surprised the market when it subsequently issued a statement to the Korea Stock Exchange...
To continue reading, please login or register for free