bullish
Court Dismisses Injunction; Korea Zinc to Announce Buyback Tender Offer Soon
492 Views02 Oct 2024 11:02
The court tossed out the injunction blocking Korea Zinc's buyback, and now Korea Zinc is set to announce its share buyback tender offer, likely later today.
What is covered in the Full Insight:
- Court Ruling
- Korea Zinc's Buyback Plan
- Legal Risks and Challenges
- Financial Implications
- Market Reaction
Boomeranged on Wed, 2 Oct 2024 14:03
Korea Zinc (010130 KS) is launching a 3.21M share buyback (15.5% of SO) via a KRW 2.66T tender offer from Oct 4-23, 2024. Mirae Asset is handling the deal. Bain Capital is partnering, eyeing 517,582 shares (2.5% of SO), bringing the total target to 18%. If less than 1.22M shares (5.87%) are tendered, they may halt. All repurchased shares will be canceled.
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