Korea Zinc, MBK and Young Poong
(LEAD) Korea Zinc to make counteroffer to buy back own shares to fend off MBK, Young Poong
Korea Zinc Inc. said Wednesday it plans to make a counteroffer to buy back and cancel its own shares to fend off a tender offer by private equity firm MBK Partners and Young Poong, the biggest shareholder of the world's largest zinc smelter.
Court dismisses Young Poong's injunction in battle for control of Korea Zinc
SEOUL, Oct. 2 (Yonhap) -- A Seoul court on Wednesday dismissed an injunction requested by Young Poong in the intensifying battle for control of Korea Zinc Inc., the world's largest zinc smelter, allowing the company's management to buy shares for its defense.
Korea Zinc, MBK stake everything in ownership battle
Both Korea Zinc and an alliance between private equity firm MBK Partners and Young Poong are making last-ditch efforts in their escalating battle to secure management rights over the world’s largest zinc smelter.
Young Poong says no better offer for Korea Zinc
Amid the intensified dispute over the management of Korea Zinc, the world’s largest zinc smelter, a Young Poong executive stressed Friday that the company was placed in a “des
MBK May Consider Higher Bid for Korea Zinc If Rivals Emerge
MBK Partners is open to considering a higher offer to take control of Korea Zinc Co. if rival suitors for the world’s biggest producer of refined zinc and lead emerge, a top executive of the private equity firm said.
Private equity MBK, Young Poong raise tender offer to $1.7 bil. for Korea Zinc shares
Private equity firm MBK Partners and Young Poong raised their tender offer price for shares in top non-ferrous metal smelter Korea Zinc to 750,000 won per share, up from 660,000 won initially, they said in a regulatory filing.
Court strikes down Young Poong request to bar Korea Zinc from buying back its shares
A South Korean court struck down on Wednesday a request by zinc producer Young Poong to block Korea Zinc from buying back its own shares to counter Young Poong's tender offer, the Seoul Central District Court said.
Korea Zinc, Bain Team Up to Buy Back Shares Above MBK’s Bid
Korea Zinc Co., which is fending off an unsolicited bid for control from a private equity firm, has roped in Bain Capital to buy back up to 18% outstanding shares of the Seoul-listed company.
Korea Zinc partners with Bain Capital on share buyback to halt takeover bid
Korea Zinc, the world’s largest zinc smelter, made a public tender offer Wednesday for an 18 percent stake of the company, countering Young Poong and MBK Partners’ offer for a controlling stake.
(2nd LD) Korea Zinc to buy back own shares worth 2.66 tln won to fend off MBK, Young Poong
Korea Zinc Inc. said Wednesday it will buy back 2.66 trillion won (US$2 billion) worth of its own shares in a rare counteroffer to fend off a tender offer by private equity firm MBK Partners and Young Poong,
Korea Zinc's tender offer, Young Poong's second filing further bring feud to head
Korea Zinc, the world's largest zinc smelter, is launching a tender offer to repurchase shares valued at up to 3.1 trillion ...
A Bitter Feud Risks Ripping Apart an $11 Billion Metals Empire
A spat between two wealthy South Korean families over the future of an $11 billion zinc empire has descended into a bitter battle for control that could hamper efforts to diversify the global supply ...
Business Wire7d
Vice Chairman and CTO of Korea Zinc Lee Je-joong expresses his deep refusal to the MBK Partners and Young Poong M&A
Vice Chairman Lee Je-joong, a living witness to Korea Zinc's history of growth, held a press conference on Sep. 24, stating, “I, along with key techni ...
Yahoo Finance7d
Discovering Young Poong Precision And 2 Hidden Small Caps with Strong Fundamentals
In this favorable environment, identifying stocks with strong fundamentals can be particularly rewarding; here we explore Young Poong Precision and two other hidden small caps that stand out. Name ...