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Cheil Industries Promises Better Dividends if Merger Approved

Cheil Industries’ offer appears to target hedge fund Elliott’s allegations of weak minority shareholder protection at Samsung C&T SEOUL-—Cheil Industries Inc., the Samsung conglomerate’s de facto holding company, said Tuesday it would boost dividends and establish a corporate governance committee -- but only after a contentious merger with Samsung’s construction and trading company is approved by shareholders...

Mentions: Stock Market Hedge Fund Governance Committee