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Small investors side with US fund in Samsung C&T deal
They oppose an US$8b merger with Samsung Group's de facto holding company Cheil Industries
Add BT as a preferred sourcePublished Mon, Jun 15, 2015 · 09:50 PM
Seoul
IN a country with a record of hostility towards foreign capital, some local investors are breaking with tradition as they side with a US hedge fund opposing an US$8 billion merger seen vital to the transfer of leadership at South Korea's top conglomerate.
Hundreds of Samsung C&T Corp's small stakeholders have converged on a public Web forum in recent days to protest what they say is a low-ball all-stock takeover offer from Cheil Industries Inc, an affiliate of Samsung Group and the conglomerate's de facto holding company.
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