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'Vulture' versus chaebol in Korea

The dispute between Elliott Associates and Samsung over the merger of Cheil Industries and Samsung C&T smacks of holdout tactics on the activist hedge fund's part.

Elliott says minority shareholders of Samsung C&T were unfairly treated due to Samsung's "exclusive concerns" with the leadership succession.

SOMETHING really strange is happening in Korea. A merger plan was announced, the share price of the company immediately rose 15 per cent and shareholders enjoyed profits to the tune of 20 per cent in a month. But minority shareholders contend that the merger is unfair and their rights are...