Daily BriefsSouth Korea

Daily Brief South Korea: Lutronic Corp and more

In today’s briefing:

  • Lutronic (085370 KS): Hahn & Co Tender Offer


Lutronic (085370 KS): Hahn & Co Tender Offer

By David Blennerhassett

  • On 9 June, skin and cosmetic treatment play Lutronic Corp (085370 KS) announced a Tender Offer from Korean PE outfit Hahn & Company.
  • After acquiring 19.41% from Lutronic’s CEO at ₩ 36,700, Hahn will launch an Offer for all remaining shares at the same price. 
  • This Offer Price is a lifetime high. There is no minimum tendering condition. 

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