Private equity firm MBK Partners' tender offer for Hankook & Co stake fails - Yonhap

HANKOOK & COMPANY

22/12/2023 11:41

SEOUL, Dec 22 (Reuters) - A tender offer by private
equity firm MBK Partners to acquire a stake in battery storage
maker Hankook & Company  000240.KS  has failed, Yonhap news
agency reported on Friday, citing an MBK official. 
    MBK launched an offer to acquire a minimum 20.35% stake in
Hankook earlier this month. MBK and Hankook could not be
immediately reached. 
    Hankook shares closed at 16,380 won per share on Friday,
below a revised offer price of 24,000 won from MBK.

 (Reporting by Joyce Lee; Editing by Jan Harvey)
 ((joyce.lee@tr.com;))