News: Samsung Engineering Co Ltd (028050.KS)

028050.KS on Korea Stock Exchange

38,800.00KRW
26 Dec 2014
Price Change (% chg)

₩-1,200.00 (-3.00%)
Prev Close
₩40,000.00
Open
₩39,350.00
Day's High
₩39,750.00
Day's Low
₩38,700.00
Volume
361,147
Avg. Vol
346,729
52-wk High
₩88,000.00
52-wk Low
₩37,500.00

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Wed, Nov 19 2014

Deals of the day- Mergers and acquisitions

(Adds E.ON SE, JSW Steel, Bharti Airtel, Cliffs Natural Resources, CAP)

Samsung Group units scrap $2.5 billion merger on shareholder opposition

SEOUL - Samsung Heavy Industries scrapped on Wednesday a $2.5 billion takeover of Samsung Engineering due to shareholder opposition, a setback for parent Samsung Group's restructuring plans ahead of a looming succession.

UPDATE 2-Samsung Group units scrap $2.5 bln merger on shareholder opposition

* Shares in both firms slump (Add fund manager comments, background, closing share prices)

S.Korean won falls to fresh 14-mth low on yen weakness; shares lower

* Won falls to fresh 14-mth low, BoJ meeting in focus * Shares fall as weak yen continues to weigh on exporters * Samsung Engineering, Heavy tumble as merger collapses By Joonhee Yu SEOUL, Nov 19 - The South Korean won fell to a fresh 14-month low on Wednesday, pressured by the yen slumping to a 7-year low against the dollar. The won was quoted at 1,103.2 to the dollar as of 0205 GMT, just off a session low of 1,104.6 which was the lowest level since Sept. 2, 2013

Samsung Heavy, Samsung Eng scrap merger deal on high share buy back costs

SEOUL, Nov 19 - Samsung Heavy Industries said on Wednesday it has decided to scrap a merger with Samsung Engineering because of the high costs of buying shares from shareholders who oppose the deal.

Shareholders approve Samsung Heavy & Samsung Engineering merger

SEOUL - The merger of Samsung Heavy Industries and Samsung Engineering was approved by shareholders of both companies, a Samsung Heavy spokesman and Samsung Engineering spokeswoman said on Monday.

Shareholders approve Samsung Heavy & Samsung Engineering merger

SEOUL, Oct 27 - The merger of Samsung Heavy Industries and Samsung Engineering was approved by shareholders of both companies, a Samsung Heavy spokesman and Samsung Engineering spokeswoman said on Monday.

Samsung Heavy to absorb Samsung Engineering for $2.5 billion

SEOUL - Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalized in May.

UPDATE 4-Samsung Heavy to absorb Samsung Engineering for $2.5 bln

* Samsung Group's latest move to consolidate related units

Samsung Heavy, Samsung Engineering says to merge

SEOUL, Sept 1 - Samsung Heavy Industries Co Ltd and Samsung Engineering Co Ltd decided to merge, the companies said in regulatory filings on Monday.

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