South Korean Court Rules Against Effort To Block Samsung Takeover Bid

A South Korean court has blocked an effort by a U.S. hedge fund to block a takeover deal involving Samsung.  Elliott Associates is trying to prevent Samsung C&T Corporation from taking over a central holding company called Cheil Industries.  The shareholders will be meeting later this month to vote on whether to approve the deal.  This column discusses how South Korean courts have a history of ruling against firms that challenge large Korean interests on matters involving mergers and acquisitions.  If the estimated $8 billion merger is successful it will help the Lee family maintain control over the Samsung empire.

See Donald Kirk, Samsung Heirs Win Court Decision In Fight With Elliott For Inheritance, Forbes, July 1, 2015.