Samsung C&T to appeal against ruling on Cheil deal price

Ilsung IS

31/05/2016 24:39

SEOUL, May 31 (Reuters) - South Korea's Samsung C&T Corp 
 028260.KS  said it plans to appeal against a court ruling 
ordering it to pay a higher price for a share buyback offer made 
during a merger last year that consolidated stakes in key 
Samsung Group  SAGR.UL  affiliates.  
    The 2015 merger combined construction firm Samsung C&T into 
fashion and theme-park operator Cheil Industries Inc. The merged 
entity is also called Samsung C&T.         
 
 (Reporting by Jee Heun Kahng and Se Young Lee; Editing Stephen 
Coates) 
 ((vincentsy.lee@thomsonreuters.com; +822 3704 5646; Reuters 
Messaging: vincentsy.lee.thomsonreuters.com@reuters.net; follow 
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Keywords: SAMSUNG C&T M&A/CHEIL INDUSTRIES