Hostile Takeover Bid For Samsung?: News Discussion Forum: Digital Photography Review

Hostile Takeover Bid For Samsung?

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Forum	News Discussion
Subject	Hostile Takeover Bid For Samsung? [SIMILAR]
Posted by	tweedle [PROFILE]
Date/Time	03:37:56, 16 July 2007 (GMT)


Business News: > Samsung has moved into hostile takeover mode after US investors including activist Carl Icahn are tipped to be planning a hostile takeover bid for Samsung Electronics. > Samsung is currently mapping out defensive measures against a potential hostile takeover bids by the billionaire investor, and possibly other foreign buyout funds, the report said. > Foreign investors owned 49.26 percent of its shares at the end of Thursday's session, the most recent data available. > The company's shares surged 6.4 percent to 687,000 won ($749) Friday amid investor expectations for stronger business performance later in the year as well as on the news report that Icahn may be considering a bid for the company. http://www.smarthousenews.com.au/Business_News?article=/Business%20News/B3E4Q8T2&page=1

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