It’s been a good month for MA bankers in Asia and we’re only halfway through November.
On Tuesday, SK Telecom announced it was buying Hynix Semiconductor for $3.1 billion, giving Hynix shareholders a long-awaited exit and marking a turning point for a number of failed attempts by Hynix. It is the biggest MA deal for a Korean technology company in more than a decade and the second-biggest MA deal in Korea this year. Credit Suisse, Woori Investment Securities and Korea Development Bank advised Hynix. A source close to the deal said the “economics” were good and that Hynix paid a full fee. Macquarie worked on the...
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