Friday, July 17, 2015

Samsung Merger Approval Paves Way for Succession

Shareholders approved Friday a highly contested deal that strengthens the Samsung family's grip on the world's largest smartphone maker, a deal opposed by investor activists including a combative U.S. hedge fund. Samsung construction company Samsung C&T said that 69.5 percent of shareholders who voted supported the takeover of it by another Samsung company, Cheil Industries. The takeover needed two-thirds of vote cast for approval. Rallied opposition Market watchers...

via Economy - Voice of America

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