Korea Zinc says it secures 9.85% stake in tender offer

YoungPoong

27/10/2024 23:06

SEOUL, Oct 28 (Reuters) - Korea Zinc  010130.KS  said it
secured a 9.85% stake in the company via a tender offer that
expired last week, as it seeks to fend off a takeover bid by
private equity firm MBK and Young Poong  000670.KS . 
    Bain Capital, which supports Korea Zinc's current
management, also secured a 1.41% stake in Korea Zinc, the
company said in a filing on Monday.  

 (Reporting by Joyce Lee; Editing by Jacqueline Wong)
 ((joyce.lee@tr.com;))