Korea Zinc says it secures 9.85% stake in tender offer (updated)

YoungPoong

27/10/2024 23:23

(Adds Korea Zinc's total stake size, paragraph 2)
       SEOUL, Oct 28 (Reuters) - Korea Zinc  010130.KS  said on
Monday 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 . 
    With this, shares controlled by Korea Zinc amount to a
12.27% stake, it said in a filing. 
        Bain Capital, which supports Korea Zinc's current
management, also secured a 1.41% stake in Korea Zinc, according
to the filing. 
        
  

 (Reporting by Joyce Lee and Heekyong Yang; Editing by
Jacqueline Wong and Tom Hogue)
 ((joyce.lee@tr.com;))