This is one of those stories that I don't buy, but it's going to grow legs because it's the kind of thing that people like to believe.
Chosun Ilbo: Samsung Electronics Wary of Rumored Takeover Bid
A Samsung Electronics executive said Thursday there were rumors that foreign hedge funds are going to buy a large amount of Samsung Electronics stocks and the company is drawing up protective measures against a takeover bid. Apparently, Samsung got a tipoff that the corporate raider Carl Icahn plans to field a hostile takeover bid for the company.
A Samsung Electronics executive said Thursday there were rumors that foreign hedge funds are going to buy a large amount of Samsung Electronics stocks and the company is drawing up protective measures against a takeover bid. Apparently, Samsung got a tipoff that the corporate raider Carl Icahn plans to field a hostile takeover bid for the company.
Samsung Electronics reported today its second quarter net profit fell 5 percent from the same period last year, but its stock rocketed upward on reports in the Korean newspaper Chosun Ilbo of a takeover attempt by Carl Icahn.
I'm seeing a whole lot of speculation, and not a whole lot of corroboration here. I suppose we shall see what we shall see.
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