Korea Zinc, the world's largest zinc smelter, is launching a tender offer to repurchase shares valued at up to 3.1 trillion won ($2.25 billion) to defend its position in the ongoing management dispute with 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.

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.

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 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.

SEOUL, Sept. 23 (Yonhap) -- The head of Korea Zinc Inc., the world's largest zinc smelter, has been making last-ditch efforts to thwart a tender offer by private equity firm MBK Partners and Young Poong Corp., the smelter's biggest shareholder, industry sources said Monday.

Korea Zinc has teamed up with U.S. private-equity firm Bain Capital to thwart what it calls a hostile takeover by South Korean investment company MBK Partners.

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.

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.