Reported 26 days ago
Korea Zinc Co.'s shares surged by a record 24% following a tender offer initiated by MBK Partners and Young Poong Corp. aiming to acquire a controlling stake in the world's largest refined zinc producer. The offer, priced at 660,000 won per share, is intended to improve corporate governance amid increasing management disputes among founding families. However, Korea Zinc condemned the offer, labeling it as predatory, while analysts anticipate a significant impact on the company's future.
Source: YAHOO