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Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Elliott has just <a href="http://www.bloomberg.com/news/articles/2015-06-09/elliott-seeks-injunction-to-stop-cheil-acquiring-samsung-c-t" target="_blank">filed for an injunction</a>&nbsp;to stop South Korea's top conglomerate Samsung Group from merging two key units.This is based on their argument that "the&nbsp;proposed takeover is clearly neither fair to nor in the best interests of Samsung C&amp;T&rsquo;s shareholders, and that it is unlawful&rdquo;.Sovereign&nbsp;filled for an injunction against SK Group back in 2003. They tried to stop SK Group from selling its treasury shares to related parties. However, the Seoul District Court ruled in favour of the management.Looking at the underlying arguments for an injunction. We feel that the injunction is&nbsp;unlikely&nbsp;to be granted.The most possible avenue is through the appraisal right system in Korea in which the courts would&nbsp;compute the fair value in view of the assets status of the company and other situations.&nbsp;&nbsp;

Elliott has just filed for an injunction&nbsp;to stop South Korea's top conglomerate Samsung Group from merging two key units.This is based on their argument that "the&nbsp;proposed takeover is clearly neither fair to nor in the best interests of Samsung C&amp;T&rsquo;s shareholders, and that it is unlawful&rdquo;.Sovereign&nbsp;filled for an injunction against SK Group back in 2003. They tried to stop SK Group from selling its treasury shares to related parties. However, the Seoul District Court ruled in favour of the management.Looking at the underlying arguments for an injunction. We feel that the injunction is&nbsp;unlikely&nbsp;to be granted.The most possible avenue is through the appraisal right system in Korea in which the courts would&nbsp;compute the fair value in view of the assets status of the company and other situations.&nbsp;&nbsp;

Shareholder Activism around Samsung C&T - Legal Limitations

Samsung C&T Corp/Old

Shareholder Activism around Samsung C&T - Legal Limitations