Comment on Seoul court denies US fund's request to stop Samsung merger

Seoul court denies US fund's request to stop Samsung merger

SEOUL, South Korea (AP) — A South Korean court has denied an American hedge fund's request to stop Samsung from combining its two companies. Elliott Associates, Samsung C&T's third-largest shareholder, filed an injunction last month saying the deal undervalues the construction and trading firm and hence hurts its shareholders.

 

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