bullish
MBK Partners and Jang Family Partner to Control Korea Zinc + Tender Offer of 14.6% of Korea Zinc
956 Views13 Sep 2024 01:03
MBK Partners, along with Youngpoong and advisor Jang Hyung-jin, also plans to conduct a tender offer of 14.6% stake in Korea Zinc.
What is covered in the Full Insight:
- Introduction
- Tender Offer Details
- Potential Outcomes and Implications
- Historical Context
- Conclusion
Boomeranged on Sun, 15 Sep 2024 14:09
Korea Zinc's price rose to 666,000 won (0.9% higher than tender offer price) on 13 Sept. 581k shares of Korea Zinc traded on 13 Sept. MBK plans to purchase at least 7.0% (1.4m shares) and up to 14.6% (3m shares) of Korea Zinc in this tender. There is a growing pressure on MBK to increase the tender offer price. Otherwise, MBK may face more difficulties in completing tender offer by current terms.
SUMMARY
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Full Insight
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