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Elliott Commences Legal Proceedings for an Injunction Against Samsung C&T and its Directors

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HONG KONG and SEOUL, South Korea /PRNewswire/ — Elliott, the hedge fund with US$26bnunder management, today made the following statement:

Elliott continues to believe that the proposed takeover is clearly neither fair to nor in the best interests of Samsung C&T’s shareholders, and that it is unlawful. Elliott has therefore taken the step today of commencing legal proceedings for an injunction against Samsung C&T and its directors in order to seek to prevent the proposed takeover from going ahead and thereby protect the interests of Samsung C&T’s shareholders. (Docket # 2015KaHab80582)

Enquiries

Newgate Communications
Richard Barton
T: +852 9301 2056
E: richard.barton@newgate.asia

About Elliott

Founded in 1977, Elliott manages two funds, Elliott Associates, L.P. and Elliott International, L.P., with assets under management totaling more than US$26 billion.  Elliott’s investment strategies include actively-managed equity investments in relation to which Elliott’s objectives include promoting shareholder value and good corporate governance for the benefit of all shareholders.

Source: Elliott Advisors

Written by asiafreshnews

June 10, 2015 at 5:59 pm

Posted in Uncategorized

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