Elliott fires another salvo at Samsung merger

Hedge fund wages battle with Samsung's Lee family, filing an injunction against the sale of treasury shares as it attempts to derail Cheil Industries merger with Samsung C&T.

Activist hedge fund Elliott, founded by billionaire Paul Singer, fired another salvo at Korea's powerful Lee family on Thursday as it again tried to block the merger of Samsung group's de facto holding company Cheil Industries with Samsung C&T.

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