You are here

Samsung units scrap US$2.5b merger on shareholder opposition


SAMSUNG Heavy Industries scrapped on Wednesday a US$2.5 billion takeover of Samsung Engineering due to shareholder opposition, a setback for parent Samsung Group's restructuring plans ahead of a looming family succession.

Stocks in both firms have fallen since the takeover

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom