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Samsung Group companies' merger deal runs into fresh opposition

Jul 04, 2015    

The proposed $8 billion merger of two Samsung Group companies came under attack from two directions on Friday, as an activist hedge fund filed a court action against the deal and a shareholder advisory group recommended shareholders oppose it.In a rare case of shareholder activism in South Korea, hedge fund Elliott Associates escalated its battle to block the merger, filing an appeal against a South Korean court ruling in a fresh bid to block a key shareholder vote on the deal.And advisory group Institutional Shareholder Services Inc (ISS) recommended Samsung C&T Corp investors vote agains...

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