Doosan Group's revised merger report faces opposition from minority shareholders, increasing likelihood of cancellation due to potential appraisal rights exceeding set amount.
What is covered in the Full Insight:
Revised Merger Report
Share Price Trends
Changes in the Revised Merger Report
Appraisal Rights Issue
Conclusion
Boomeranged on Thu, 8 Aug 2024 14:02
On 8 July, the FSS head Lee Bok-Hyun announced that "If there are serious shortcomings in the process of reviewing Doosan Group restructuring plan, the FSS will continuously request correction reports without limiting the number of times." In our view, this implies a high probability of the FSS rejecting Doosan Group's second restructuring report, resulting in a merger delay.
SUMMARY
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