SEOUL (Reuters) - U.S. activist hedge fund Elliott Associates said on Friday it was disappointed with Samsung C&T Corp shareholders' decision to approve Cheil Industries Inc's $8 billion takeover offer and reserves "all options at its disposal".
Samsung C&T shareholders earlier on Friday voted in favor of the all-stock takeover offer from Cheil Industries Inc, delivering a close-run but key win for Samsung Group's founding family as it prepares for generational succession at South Korea's top conglomerate.
Elliott, C&T's third-largest shareholder with a 7.1 percent stake, has vocally opposed the deal on the grounds that it undervalues C&T.
(Reporting by Se Young Lee; Editing by Ryan Woo)
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| 12.41 EUR | -0.32% | +0.24% | 34.6B | ||
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| 151,100 KRW | +0.67% | +9.33% | 17.92B | ||
