CJ Cheiljedang to sell Samsung Life stake for up to $310 mln

Samsung Life Insurance

11/07/2017 10:04

SEOUL, July 11 (Reuters) - South Korea's CJ Cheiljedang 
Corporation  097950.KS  plans to sell its stake in Samsung Life 
Insurance Co Ltd  032830.KS  in a deal worth up to $310 million, 
according to a term sheet of the deal seen by Reuters.  
    CJ has offered 2,985,850 shares at a price range of 118,560 
won to 121,030 won per share, a discount of 2 percent to 4 
percent to their Tuesday closing price, according to the term 
sheet.  
($1 = 1,150.0700 won) 
 
 (Reporting by Elzio Barreto Jr; Writing by Hyunjoo Jin; Editing 
by Edwina Gibbs) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: SAMSUNG LIFE CJ CHEILJEDANG/