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SAMSUNG C&T-M&A/CHEIL INDUSTRIES
RTX1KI56
July 16, 2015
An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea,...
Seoul, South Korea
An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul
An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. Win or lose in its bid to derail an $8 billion Samsung Group merger on Friday, U.S. hedge fund Elliott Associates is likely to remain an irritant for the biggest of South Korea's powerful conglomerates. Even if construction firm Samsung C&T Corp secures the two-thirds of shares voted on Friday needed for a buyout offer from sister company Cheil Industries, Elliott shows no sign of going away. The fund is widely expected to continue challenging Samsung with lawsuits as a shareholder that would have more than 2 percent of the merged firm. To match SAMSUNG C&T-M&A/CHEIL INDUSTRIES REUTERS/Kim Hong-Ji
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