By Natalie Mortimer

The proposed $8bn merger between Samsung C&T and holding company Cheil Industries has been criticised by outside investors who have called the transaction “unfair” to stakeholders.

An activist hedge fund in South Korea has filed a court action against the deal, which would see an all-stock takeover of Samsung by sister firm Cheil, and a shareholder advisory group has recommended that shareholders oppose it, reported Reuters.

Elliott, Samsung’s third-largest shareholder with a 7.1 percent stake, launched the legal challenge and has reportedly urged other investors in the company to reject the deal. Meanwhile, the Institutional Shareholder Services (ISS) said the Read full story ›

Source: The Drum