SMSHF
SAMSUNG HEAVY INDS ORDGrey Market
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  • Nov. 19, 2014, 6:20 AM
    • Samsung Heavy Industries (OTC:SMSHF) and Samsung Engineering have scrapped plans to merge after facing a large bill to buy back shares from shareholders opposed to the deal. The merger had been valued at 2.5T won ($2.3B).
    • Samsung Heavy says it will now seek other ways to find synergies with Samsung Engineering in offshore plant construction and expanding its global market presence.
    • Previously: Samsung continues group-wide restructuring
    | Nov. 19, 2014, 6:20 AM | 1 Comment
  • Sep. 1, 2014, 6:12 AM
    • In another round of Samsung restructuring, Samsung Heavy Industries (OTC:SMSHF) will absorb Samsung Engineering in a 2.5T won ($2.5B) deal.
    • Under the terms of the transaction, Samsung Heavy will issue around 94M new shares to Samsung Engineering shareholders at 26,972 won per share.
    • Samsung's restructuring has accelerated since the May hospitalization of the group's chairman Lee Kun-hee, and has sparked investor speculation to the group's succession.
    | Sep. 1, 2014, 6:12 AM