Elliott says Cheil-Samsung C&T merger is for Samsung Group succession

Reuters - June 18th, 2015

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At a hearing for Elliott's two injunction requests with a South Korean court to block the deal, a lawyer representing the U.S. fund said there was little synergy in combining Samsung C&T Corp and Cheil Industries Inc (028260.KS) and that the offer was unfair for Samsung C&T shareholders like Elliott.

(Reporting by Se Young Lee and Sohee Kim; Editing by Stephen Coates)

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